Bill Text: MN HF725 | 2011-2012 | 87th Legislature | Introduced
Bill Title: Tax incidence study requirements modified.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Introduced - Dead) 2011-04-18 - Author added Bills [HF725 Detail]
Download: Minnesota-2011-HF725-Introduced.html
1.2relating to taxation; modifying the tax incidence study requirements; amending
1.3Minnesota Statutes 2010, section 270C.13, subdivision 1.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. Minnesota Statutes 2010, section 270C.13, subdivision 1, is amended to read:
1.6 Subdivision 1. Biennial report. The commissioner shall report to the legislature
1.7by March 1 of each odd-numbered year on the overall incidence of the income tax,
1.8sales and excise taxes, and property tax. The report shall present information on the
1.9distribution of the tax burden as follows: (1) for the overall income distribution, using
1.10a systemwide incidence measure such as the Suits index or other appropriate measures
1.11of equality and inequality; (2) by income classes, including at a minimum deciles of the
1.12income distribution; and (3) by other appropriate taxpayer characteristics. The report
1.13must also include information on the distribution of the burden of federal taxes borne
1.14by Minnesota residents.
1.15EFFECTIVE DATE.This section is effective beginning with the report due in
1.16March 2013.
1.3Minnesota Statutes 2010, section 270C.13, subdivision 1.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. Minnesota Statutes 2010, section 270C.13, subdivision 1, is amended to read:
1.6 Subdivision 1. Biennial report. The commissioner shall report to the legislature
1.7by March 1 of each odd-numbered year on the overall incidence of the income tax,
1.8sales and excise taxes, and property tax. The report shall present information on the
1.9distribution of the tax burden as follows: (1) for the overall income distribution, using
1.10a systemwide incidence measure such as the Suits index or other appropriate measures
1.11of equality and inequality; (2) by income classes, including at a minimum deciles of the
1.12income distribution; and (3) by other appropriate taxpayer characteristics. The report
1.13must also include information on the distribution of the burden of federal taxes borne
1.14by Minnesota residents.
1.15EFFECTIVE DATE.This section is effective beginning with the report due in
1.16March 2013.
