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The bill makes a number of income tax conforming changes, including extending the higher education tuition deduction and the educator classroom expense deduction.
(Published Feb 19, 2013)
The bill makes a number of income tax conforming changes that will extend:
The House bill was amended by Sen. Rod Skoe (DFL-Clearbrook) with a number of provisions related to the Iron Range Resources and Rehabilitation Board, the taconite economic development fund, and the annual tax incidence study. However, the floor amendment did not include many of the local provisions that were added earlier to the Senate version, SF 119, of the 2012 conformity bill.
Less than two hours earlier, the Senate had been working in the Taxes Committee on the companion bill, authored by Sen. Skoe, chair of the Senate Taxes Committee. The Senate version of the bill had been modified to include parts of the vetoed 2012 omnibus tax bill, including several local tax increment and local sales tax provisions. The Senate bill, which was initially amended in the Senate Tax Reform Division, contains a number of generally supported local economic development and tax items including:
HF 6, as amended by the Senate, will now be returned to the House. The House can either approve the bill or reject the Senate amendments and request a conference committee. It does not appear at this time that the Senate version of the bill, with the local tax provisions, will re-emerge before an omnibus tax bill is compiled later this session.
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Contact Gary Carlson
(651) 281-1255 or (800) 925-1122