Source: https://www.revisor.mn.gov/statutes/cite/290.091
Timestamp: 2019-10-23 16:43:32
Document Index: 558059668

Matched Legal Cases: ['art 1', 'art 1', 'art 1', 'art 3', 'art 1', 'art 40', 'art 2', 'art 1', 'art 2', 'art 21', 'art 1', 'art 3', 'art 1', 'art 3', 'art 10', 'art 2', 'art 6', 'art 6', 'art 7', 'art 8', 'art 2', 'art 1', 'art 1', 'art 1', 'art 6', 'art 2', 'art 4', 'art 9', 'art 2', 'art 1', 'art 11', 'art 3', 'art 4', 'art 10', 'art 1', 'art 4', 'art 11', 'art 4', 'art 1', 'art 3', 'art 6', 'art 2', 'art 6', 'art 1', 'art 4', 'art 1', 'art 3', 'art 1', 'art 1', 'art 1', 'art 24']

For purposes of the tax imposed by this section, the following terms have the meanings given.
(iv) the impairment-related work expenses of a person with a disability;
(5) to the extent not included in federal alternative minimum taxable income, the amount of interest income as provided by section 290.0131, subdivision 2;
(6) the amount of addition required by section 290.0131, subdivisions 9, 10, and 16;
(7) the deduction allowed under section 199A of the Internal Revenue Code, to the extent not included in the addition required under clause (6); and
(8) to the extent not included in federal alternative minimum taxable income, the amount of foreign-derived intangible income deducted under section 250 of the Internal Revenue Code;
(ii) an overpayment of state income tax as provided by section 290.0132, subdivision 3, to the extent included in federal alternative minimum taxable income;
(iii) the amount of investment interest paid or accrued within the taxable year on indebtedness to the extent that the amount does not exceed net investment income, as defined in section 163(d)(4) of the Internal Revenue Code. Interest does not include amounts deducted in computing federal adjusted gross income;
(iv) amounts subtracted from federal taxable or adjusted gross income as provided by section 290.0132, subdivisions 7, 9 to 15, 17, 21, 24, and 26 to 29;
(v) the amount of the net operating loss allowed under section 290.095, subdivision 11, paragraph (c); and
(vi) the amount allowable as a Minnesota itemized deduction under section 290.0122, subdivision 7.
In the case of an estate or trust, alternative minimum taxable income must be computed as provided in section 59(c) of the Internal Revenue Code, except alternative minimum taxable income must be increased by the addition in section 290.0131, subdivision 16.
(a) For purposes of computing the alternative minimum tax, the exemption amount is $77,590 for married couples filing joint returns, $38,800 for married individuals filing separate returns, estates, and trusts, and $58,190 for unmarried individuals.
(b) The exemption amount determined under this subdivision is subject to the phase out under section 55(d)(2) of the Internal Revenue Code, except that alternative minimum taxable income as determined under this section must be substituted in the computation of the phase out, and section 55(d)(4) of the Internal Revenue Code does not apply.
(c) The commissioner shall annually adjust the amounts in paragraph (a) as provided in section 270C.22. The statutory year is taxable year 2019.
(ii) interest income as defined in section 290.0131, subdivision 2,
1977 c 423 art 1 s 14; 1978 c 767 s 17; 1979 c 303 art 1 s 15; 1980 c 607 art 1 s 15; 1981 c 60 s 11; 3Sp1981 c 2 art 3 s 9; 1982 c 523 art 1 s 17; art 40 s 6,14; 1983 c 207 s 13; 1984 c 514 art 2 s 20; 1Sp1985 c 14 art 1 s 37; 1Sp1985 c 16 art 2 s 28; 1986 c 398 art 21 s 3; 1986 c 444; 1Sp1986 c 1 art 1 s 4; art 3 s 6; 1987 c 268 art 1 s 49-53; 1988 c 719 art 3 s 12; 1Sp1989 c 1 art 10 s 20,21; 1990 c 604 art 2 s 7; 1991 c 291 art 6 s 29,30,46; 1992 c 511 art 6 s 19; art 7 s 15,16; 1993 c 375 art 8 s 10,11; 1994 c 416 art 2 s 3; 1994 c 587 art 1 s 17,18; 1996 c 471 art 1 s 6; 1997 c 7 art 1 s 120; 1998 c 389 art 6 s 12,13; 1999 c 243 art 2 s 16-18; 2000 c 490 art 4 s 25-27; 1Sp2001 c 5 art 9 s 13; 2002 c 377 art 2 s 10; 1Sp2002 c 2 s 1; 1Sp2003 c 21 art 1 s 9; art 11 s 13; 1Sp2005 c 3 art 3 s 11; art 4 s 15; art 10 s 8; 2006 c 259 art 1 s 3; 2008 c 154 art 4 s 7; art 11 s 16; 2008 c 366 art 4 s 12; 2009 c 88 art 1 s 10; 2010 c 389 art 3 s 16; 2011 c 112 art 6 s 4; 2012 c 294 art 2 s 14; 2013 c 143 art 6 s 21-23; 2014 c 150 art 1 s 21; 2014 c 308 art 4 s 15; 2016 c 158 art 1 s 160; art 3 s 20,21; 2017 c 40 art 1 s 100; 1Sp2017 c 1 art 1 s 29; 1Sp2019 c 6 art 1 s 50,51,73; art 24 s 12