HF947 — Individual income and corporate franchise taxes; subtraction for global intangible low-taxed income established, corporate net operating loss deduction increased, and dividend received deduction increased.

HF947 — Individual income and corporate franchise taxes; subtraction for global intangible low-taxed income established, corporate net operating loss deduction increased, and dividend received deduction increased. · Informed CitizenryThe bill amends several sections of Minnesota Statutes to modify tax provisions effective for taxable years beginning after December 31, 2024. It establishes a subtraction for global intangible low…Open in Informed Citizenry