Title Minnesota Statutes, Minnesota Statutes

290.22 ESTATES AND TRUSTS, IMPOSITION OF TAX. The taxes imposed by this chapter upon individuals shall apply to the income of estates or of any kind of property held in trust, including: (1) income accumulated in trust for the benefit of unborn or unascertained person or persons …

290.26 EXEMPTION FOR INDIVIDUAL RETIREMENT ACCOUNT. § Subdivision 1. [Repealed, 1982 c 523 art 1 s 72] § Subd. 2. [Repealed, 1987 c 268 art 1 s 127] § Subd. 2a. [Repealed, 1983 c 15 s 33] § Subd. 3. [Repealed, 1982 c 523 art 1 s 72] § Subd. 4. [Repealed, 1981 c 178 s 119] § Subd.…

290.281 COMMON TRUST FUND. § Subdivision 1.Not taxed; defined. A common trust fund shall not be subject to taxation under this chapter and the definitions provided in and the provisions of section 584 of the Internal Revenue Code shall apply. § Subd. 2. [Repealed, 1982 c 523 art …

290.30 FIDUCIARIES, DUTY TO PAY TAX. Upon notice to the commissioner that any person is acting in a fiduciary capacity, such fiduciary shall assume the powers, rights, duties, and privileges of the taxpayer in respect of a tax imposed by this chapter, except as otherwise specific…

290.31 PARTNERSHIPS; INDIVIDUAL LIABILITY OF PARTNERS. § Subdivision 1.Partners, not partnership, subject to tax. Except as provided under sections 289A.35, paragraph (b), and 289A.382, subdivision 3, a partnership as such shall not be subject to the income tax imposed by this ch…

290.311 PARTNERSHIP GROSS INCOME. § Subdivision 1.Partners. (a) Partner's modifications. In determining gross income and Minnesota taxable income of a partner, any modification described in sections 290.0131 to 290.0135, which relates to an item of partnership income, gain, loss …

290.32 TAXES FOR PART OF YEAR, COMPUTATION. When under this chapter a taxpayer is permitted or required to make a return for a fractional part of a year, the tax shall be computed in the same manner as if such fractional part of a year were an entire year, except: (1) A taxpayer …

290.34 CORPORATIONS, SPECIAL PROVISIONS. § Subdivision 1.Business conducted in such a way as to create losses or improper taxable net income. When any corporation liable to taxation under this chapter conducts its business in such a manner as, directly or indirectly, to benefit i…

290.36 INVESTMENT COMPANIES; REPORT OF NET INCOME; COMPUTATION OF AMOUNT OF INCOME ALLOCABLE TO STATE. The taxable net income of investment companies shall be computed as follows: Each investment company transacting business as such in this state shall report to the commissioner …

290.371 NOTICE OF BUSINESS ACTIVITIES REPORT. § Subdivision 1.Report required. Every corporation that, during any calendar year or fiscal accounting year beginning after December 31, 1986, obtained any business from within this state as described in section 290.015, subdivision 1…

290.431 NONGAME WILDLIFE CHECKOFF. Every individual who files an income tax return or property tax refund claim form may designate on their original return that $1 or more shall be added to the tax or deducted from the refund that would otherwise be payable by or to that individu…

290.432 CORPORATE NONGAME WILDLIFE CHECKOFF. A corporation that files an income tax return may designate on its original return that $1 or more shall be added to the tax or deducted from the refund that would otherwise be payable by or to that corporation and paid into the nongam…

290.433 EASY ENROLLMENT HEALTH INSURANCE OUTREACH PROGRAM CHECKOFF. § Subdivision 1.Taxpayer designation. Any individual who files an income tax return may designate on their original return a request that the commissioner provide their return information to the MNsure board for …

290.48 LARGE AMOUNTS OF CASH; PRESUMPTION OF JEOPARDY. § Subdivision 1. [Repealed, 1982 c 523 art 2 s 49] § Subd. 2. [Repealed, 1982 c 523 art 2 s 49] § Subd. 3. [Repealed, 2005 c 151 art 1 s 117] § Subd. 4. [Repealed, 2005 c 151 art 1 s 117] § Subd. 5. [Repealed, 1991 c 291 art …

290.491 TAX ON GAIN; DISCHARGE IN BANKRUPTCY. (a) Any tax due under this chapter on a gain realized on a forced sale pursuant to foreclosure of a mortgage or other security interest in agricultural production property, other real property, or equipment, used in a farm business th…

290.62 MS 1965 [Repealed, Ex1967 c 48 s 91] 290.62 DISTRIBUTION OF REVENUES. All revenues derived from the taxes, interest, penalties and charges under this chapter shall, notwithstanding any other provisions of law, be paid into the state treasury and credited to the general fun…

290.621 [Temporary]

290.92 TAX WITHHELD AT SOURCE UPON WAGES; OTHER PAYMENTS. § Subdivision 1.Definitions. (1) Wages. For purposes of this section, the term "wages" means the same as that term is defined in section 3401(a), (f), and (i) of the Internal Revenue Code. (2) Payroll period. For purposes …

290.9201 TAX ON NONRESIDENT ENTERTAINERS. § Subdivision 1.Definitions. (a) "Entertainer" means an individual who is not a resident of Minnesota or a state with which Minnesota has a reciprocal agreement under section 290.081 who performs acts in Minnesota that amuse, entertain, o…

290.923 TAX WITHHELD ON ROYALTIES UPON ORE. § Subdivision 1.Definition. In this section, "royalty" means the amount in money or value of property received by any person having any right, title, or interest in any tract of land in this state for permission to explore, mine, take o…

290.9705 SURETY DEPOSITS REQUIRED FOR CONSTRUCTION CONTRACTS. § Subdivision 1.Withholding of payments to out-of-state contractors. (a) In this section, "person" means a person, corporation, or cooperative, the state of Minnesota and its political subdivisions, and a city, county,…

290.9725 S CORPORATION. For purposes of this chapter, the term "S corporation" means any corporation having a valid election in effect for the taxable year under section 1362 of the Internal Revenue Code. An S corporation shall not be subject to the taxes imposed by this chapter,…

290.9726 CORPORATION TAXABLE INCOME TAXED TO SHAREHOLDERS. § Subdivision 1.General rule. The gross income of the shareholders of corporations described in section 290.9725 shall be computed under the provisions of section 290.01, subdivision 20. § Subd. 2.Character of items distr…

290.9727 TAX ON CERTAIN BUILT-IN GAINS. § Subdivision 1.Tax imposed. For an S corporation electing S corporation status pursuant to section 1362 of the Internal Revenue Code after December 31, 1986, and having a recognized built-in gain as defined in section 1374 of the Internal …

290.9728 TAX ON CAPITAL GAINS. § Subdivision 1.Tax imposed. There is imposed a tax on the taxable income of an S corporation that has: (1) elected S corporation status pursuant to section 1362 of the Internal Revenue Code of 1986, as amended through December 31, 1986, before Janu…

290.9729 TAX ON PASSIVE INVESTMENT INCOME. § Subdivision 1.Tax imposed. There is imposed a tax for the taxable year on the taxable income of an S corporation, if for the taxable year an S corporation has: (1) subchapter C earnings and profits at the close of such taxable year; an…

290.9741 ELECTION BY REMIC. An entity having a valid election as a Real Estate Mortgage Investment Conduit (REMIC) in effect under section 860D(b) of the Internal Revenue Code shall not be subject to the taxes imposed by this chapter except the tax imposed under section 290.92. H…

290.9742 REMIC INCOME TAXABLE TO HOLDERS OF INTERESTS. The income of a REMIC is taxable to the holders of interests in the REMIC as provided in sections 860A to 860G of the Internal Revenue Code. The income of the holders must be computed under the provisions of this chapter. His…

290.993 SPECIAL LIMITED ADJUSTMENT. (a) For an individual, estate, or trust, or a partnership that elects to file a composite return under section 289A.08, subdivision 7, for taxable years beginning after December 31, 2017, and before January 1, 2019, the following special rules …