Source: https://www.revisor.leg.state.mn.us/statutes/?id=290.067&year=2007
Timestamp: 2015-11-25 02:13:50
Document Index: 573538217

Matched Legal Cases: ['art 10', 'art 4', 'art 3', 'art 4', 'art 1', 'art 7', 'art 7', 'art 1', 'art 1', 'art 7', 'art 1', 'art 1', 'art 40', 'art 1', 'art 2', 'art 21', 'art 1', 'art 3', 'art 1', 'art 1', 'art 3', 'art 10', 'art 2', 'art 6', 'art 6', 'art 1', 'art 10', 'art 5', 'art 7', 'art 7', 'art 2', 'art 10', 'art 1', 'art 3', 'art 4', 'art 10']

290.067 - 2007 Minnesota Statutes
Print 2007 Minnesota StatutesVarious State Taxes and ProgramsChapter 290Section 290.067
About Minnesota Statutes2007 Statutes New, Amended or Repealed2007 Statutes Topics (Index)Chapter 290
Full Chapter TextSection 290.067
2005 Subd. 1 Amended 1Sp2005 c 3 art 10 s 6
2005 Subd. 1 Amended 1Sp2005 c 3 art 4 s 11
2005 Subd. 1 Amended 1Sp2005 c 3 art 3 s 8
2005 Subd. 2a Amended 1Sp2005 c 3 art 4 s 12
2003 Subd. 1 Amended 1Sp2003 c 21 art 1 s 7
2001 Subd. 2 Amended 1Sp2001 c 5 art 7 s 36
2001 Subd. 2b Amended 1Sp2001 c 5 art 7 s 37
Subdivision 1. Amount of credit. (a) A taxpayer may take as a credit against the tax due from the taxpayer and a spouse, if any, under this chapter an amount equal to the dependent care credit for which the taxpayer is eligible pursuant to the provisions of section 21 of the Internal Revenue Code subject to the limitations provided in subdivision 2 except that in determining whether the child qualified as a dependent, income received as a Minnesota family investment program grant or allowance to or on behalf of the child must not be taken into account in determining whether the child received more than half of the child's support from the taxpayer, and the provisions of section 32(b)(1)(D) of the Internal Revenue Code do not apply.
In the case of a nonresident, part-year resident, or a person who has earned income not subject to tax under this chapter including earned income excluded pursuant to section 290.01, subdivision 19b
, clause (10) or (16), the credit determined under section 21 of the Internal Revenue Code must be allocated based on the ratio by which the earned income of the claimant and the claimant's spouse from Minnesota sources bears to the total earned income of the claimant and the claimant's spouse.
For residents of Minnesota, the subtractions for military pay under section 290.01, subdivision 19b
, clauses (11) and (12), are not considered "earned income not subject to tax under this chapter."
For residents of Minnesota, the exclusion of combat pay under section 112 of the Internal Revenue Code is not considered "earned income not subject to tax under this chapter."
Subd. 2. Limitations. The credit for expenses incurred for the care of each dependent shall not exceed $720 in any taxable year, and the total credit for all dependents of a claimant shall not exceed $1,440 in a taxable year. The maximum total credit shall be reduced according to the amount of the income of the claimant and a spouse, if any, as follows:
Subd. 2a. Income. (a) For purposes of this section, "income" means the sum of the following:
(x) a lump sum distribution under section 402(e)(3) of the Internal Revenue Code of 1986, as amended through December 31, 1995;
Subd. 2b. Inflation adjustment. The dollar amount of the income threshold at which the maximum credit begins to be reduced under subdivision 2 must be adjusted for inflation. The commissioner shall make the inflation adjustments in accordance with section 1(f) of the Internal Revenue Code except that for the purposes of this subdivision the percentage increase must be determined from the year starting September 1, 1999, and ending August 31, 2000, as the base year for adjusting for inflation for the tax year beginning after December 31, 2000. The determination of the commissioner under this subdivision is not a rule under the Administrative Procedure Act.
Subd. 3. Credit to be refundable. If the amount of credit which a claimant would be eligible to receive pursuant to this subdivision exceeds the claimant's tax liability under chapter 290, the excess amount of the credit shall be refunded to the claimant by the commissioner of revenue.
Subd. 4. Right to file claim. The right to file a claim under this section shall be personal to the claimant and shall not survive death, but such right may be exercised on behalf of a claimant by the claimant's legal guardian or attorney-in-fact. When a claimant dies after having filed a timely claim the amount thereof shall be disbursed to another member of the household as determined by the commissioner of revenue. If the claimant was the only member of a household, the claim may be paid to the claimant's personal representative, but if neither is appointed and qualified within two years of the filing of the claim, the amount of the claim shall escheat to the state.
Subd. 5.[Repealed, 1990 c 480 art 1 s 45]
Subd. 6.[Repealed, 1994 c 587 art 1 s 25]
History: 1977 c 423 art 7 s 1,2; 1979 c 303 art 1 s 11; 1980 c 607 art 1 s 11,12; 1981 c 343 s 4; 1Sp1981 c 2 s 22; 1982 c 523 art 40 s 3,14; 1983 c 342 art 1 s 12,13; 1984 c 514 art 2 s 15,16; 1Sp1985 c 14 art 21 s 4,49; 1986 c 444; 1Sp1986 c 1 art 1 s 9; art 3 s 3; 1987 c 268 art 1 s 35-38; 1988 c 719 art 1 s 9; art 3 s 12; 1989 c 28 s 12,25; 1Sp1989 c 1 art 10 s 17,18; 1990 c 604 art 2 s 16; 1991 c 291 art 6 s 25,26,46; 1992 c 511 art 6 s 19; 1994 c 587 art 1 s 13; 1995 c 1 s 4; 1995 c 264 art 10 s 8; 1997 c 231 art 5 s 6; 1998 c 389 art 7 s 7; 1999 c 159 s 127; 1Sp2001 c 5 art 7 s 36,37; 2002 c 377 art 2 s 9; art 10 s 11; 1Sp2003 c 21 art 1 s 7; 1Sp2005 c 3 art 3 s 8; art 4 s 11,12; art 10 s 6
NOTE: The amendment to subdivision 1 by Laws 2005, First Special Session chapter 3, article 10, section 6, is effective for tax years beginning after December 31, 2006. Laws 2005, First Special Session chapter 3, article 10, section 6, the effective date.