reglab/housing_qa huggingface dataset:
MN Stat § 290.0682 (2021)
2021 Minnesota Statutes|Chapters 289A - 295 — Various State Taxes And Programs|Chapter 290 — Income And Franchise Taxes|Section 290.0682 — Student Loan Credit.

290.0682 STUDENT LOAN CREDIT. Subdivision 1. Definitions. (a) For purposes of this section, the following terms have the meanings given. (b) "Adjusted gross income" means federal adjusted gross income as defined in section 62 of the Internal Revenue Code. (c) "Earned income" has the meaning given in section 290.0675, subdivision 1, paragraph (b). (d) "Eligible individual" means a resident individual with one or more qualified education loans related to an undergraduate or graduate degree program at a postsecondary educational institution. (e) "Eligible loan payments" means the amount the eligible individual paid during the taxable year in principal and interest on qualified education loans. (f) "Postsecondary educational institution" means a public or nonprofit postsecondary institution eligible for state student aid under section 136A.103 or, if the institution is not located in this state, a public or nonprofit postsecondary institution participating in the federal Pell Grant program under title IV of the Higher Education Act of 1965, Public Law 89-329, as amended. (g) "Qualified education loan" has the meaning given in section 221 of the Internal Revenue Code, but is limited to indebtedness incurred on behalf of the eligible individual. Subd. 2. Credit allowed. (a) An eligible individual is allowed a credit against the tax due under this chapter. (b) The credit for an eligible individual equals the least of: (1) eligible loan payments minus ten percent of an amount equal to adjusted gross income in excess of $10,000, but in no case less than zero; (2) the earned income for the taxable year of the eligible individual, if any; (3) the sum of: (i) the interest portion of eligible loan payments made during the taxable year; and (ii) ten percent of the original loan amount of all qualified education loans of the eligible individual; or (4) $500. (c) For a part-year resident, the credit must be allocated based on the percentage calculated under section 290.06, subdivision 2c, paragraph (e). (d) In the case of a married couple, each spouse is eligible for the credit in this section. For the purposes of paragraph (b), for married taxpayers filing joint returns, each spouse's adjusted gross income equals the spouse's percentage share of the couple's earned income, multiplied by the couple's combined adjusted gross income. History:  1Sp2017 c 1 art 1 s 24; 1Sp2021 c 14 art 1 s 12
MN Stat § 290.0684 (2021)
2021 Minnesota Statutes|Chapters 289A - 295 — Various State Taxes And Programs|Chapter 290 — Income And Franchise Taxes|Section 290.0684 — Section 529 Plan Credit.

290.0684 SECTION 529 PLAN CREDIT. Subdivision 1. Definitions. (a) For purposes of this section, the following terms have the meanings given them. (b) "Contribution" means the amount contributed to one or more qualified accounts except that the amount: (1) is reduced by any withdrawals or distributions, other than transfers or rollovers to another qualified account, from a qualified account during the taxable year; and (2) excludes the amount of any transfers or rollovers from a qualified account made during the taxable year. (c) "Adjusted gross income" has the meaning given under section 62(a) of the Internal Revenue Code. (d) "Qualified account" means an account qualifying under section 529 of the Internal Revenue Code. Subd. 2. Credit allowed. (a) An individual who is a resident of Minnesota is allowed a credit against the tax imposed by this chapter. The credit is not allowed to an individual who is eligible to be claimed as a dependent, as defined in sections 151 and 152 of the Internal Revenue Code. The credit may not exceed the liability for tax under this chapter. (b) The amount of the credit allowed equals 50 percent of contributions for the taxable year. The maximum credit is $500, subject to the phaseout in paragraphs (c) and (d). In no case is the credit less than zero. (c) For individual filers, the maximum credit is reduced by two percent of adjusted gross income in excess of $78,340. (d) For married couples filing a joint return, the maximum credit is phased out as follows: (1) for married couples with adjusted gross income in excess of $78,340, but not more than $141,010, the maximum credit is reduced by one percent of adjusted gross income in excess of $78,340 until the maximum credit amount equals $250; and (2) for married couples with adjusted gross income in excess of $141,010, the maximum credit is $250, reduced by one percent of adjusted gross income in excess of $141,010. (e) The commissioner shall annually adjust the income thresholds in paragraphs (c) and (d) as provided in section 270C.22. The statutory year is taxable year 2019. Subd. 3. Allocation. For a part-year resident, the credit must be allocated based on the percentage calculated under section 290.06, subdivision 2c, paragraph (e). History:  1Sp2017 c 1 art 1 s 25; 2019 c 50 art 1 s 93; 1Sp2019 c 6 art 1 s 47,48,73; art 2 s 19
MN Stat § 290.0685 (2021)
2021 Minnesota Statutes|Chapters 289A - 295 — Various State Taxes And Programs|Chapter 290 — Income And Franchise Taxes|Section 290.0685 — Credit For Parents Of Stillborn Children.

290.0685 CREDIT FOR PARENTS OF STILLBORN CHILDREN. Subdivision 1. Credit allowed. (a) An individual is allowed a credit against the tax imposed by this chapter equal to $2,000 for each birth for which a certificate of birth resulting in stillbirth has been issued under section 144.2151. The credit under this section is allowed only in the taxable year in which the stillbirth occurred and if the child would have been a dependent of the taxpayer as defined in section 152 of the Internal Revenue Code. (b) For a nonresident or part-year resident, the credit must be allocated based on the percentage calculated under section 290.06, subdivision 2c, paragraph (e). Subd. 2. Credit refundable. If the amount of credit that an individual is allowed under this section exceeds the individual's tax liability under this chapter, the commissioner shall refund the excess to the individual. Subd. 3. Appropriation. An amount sufficient to pay the refunds required by this section is appropriated to the commissioner from the general fund. History:   2016 c 189 art 14 s 1
MN Stat § 290.0686 (2021)
2021 Minnesota Statutes|Chapters 289A - 295 — Various State Taxes And Programs|Chapter 290 — Income And Franchise Taxes|Section 290.0686 — Credit For Attaining Master's Degree In Teacher's Licensure Field.

290.0686 CREDIT FOR ATTAINING MASTER'S DEGREE IN TEACHER'S LICENSURE FIELD. Subdivision 1. Definitions. (a) For purposes of this section, the following terms have the meanings given them. (b) "Master's degree program" means a graduate-level program at an accredited university leading to a master of arts or science degree in a core content area directly related to a qualified teacher's licensure field. The master's degree program may not include pedagogy or a pedagogy component. To be eligible under this credit, a licensed elementary school teacher must pursue and complete a master's degree program in a core content area in which the teacher provides direct classroom instruction. (c) "Qualified teacher" means a person who: (1) holds a teaching license issued by the licensing division in the Department of Education on behalf of the Professional Educator Licensing and Standards Board both when the teacher begins the master's degree program and when the teacher completes the master's degree program; (2) began a master's degree program after June 30, 2017; and (3) completes the master's degree program during the taxable year. (d) "Core content area" means the academic subject of reading, English or language arts, mathematics, science, foreign languages, civics and government, economics, arts, history, or geography. Subd. 2. Credit allowed. (a) An individual who is a qualified teacher is allowed a credit against the tax imposed under this chapter. The credit equals the lesser of $2,500 or the amount the individual paid for tuition, fees, books, and instructional materials necessary to completing the master's degree program and for which the individual did not receive reimbursement from an employer or scholarship. (b) For a nonresident or a part-year resident, the credit under this subdivision must be allocated based on the percentage calculated under section 290.06, subdivision 2c, paragraph (e). (c) A qualified teacher may claim the credit in this section only one time for each master's degree program completed in a core content area. History:  1Sp2017 c 1 art 1 s 26; 1Sp2017 c 5 art 12 s 22
MN Stat § 290.0692 (2021)
2021 Minnesota Statutes|Chapters 289A - 295 — Various State Taxes And Programs|Chapter 290 — Income And Franchise Taxes|Section 290.0692 — Small Business Investment Credit.

290.0692 SMALL BUSINESS INVESTMENT CREDIT. Subdivision 1. Definitions. For purposes of this section, terms defined in section 116J.8737 have the meaning given in that section. Subd. 2. Credit allowed. A qualified investor is allowed a credit against the tax imposed under this chapter for qualified investments made in a qualified small business for the taxable year. The credit equals the amount and applies to the taxable year indicated on the certificate provided to the qualified investor under section 116J.8737, but the maximum credit in any taxable year is $250,000 for a married couple filing a joint return, and $125,000 for all other claimants. Subd. 3. Proportional credits. Each pass-through entity must provide each investor a statement indicating the investor's share of the credit amount certified to the pass-through entity based on its share of the pass-through entity's capital assets at the time of the qualified investment. Subd. 4. Credit refundable. If the amount of the credit under this section for any taxable year exceeds the claimant's liability for tax under this chapter, the commissioner shall refund the excess to the claimant. An amount sufficient to pay the refunds required by this section is appropriated to the commissioner from the general fund. Subd. 5. Audit powers. Notwithstanding the certification eligibility issued by the commissioner of employment and economic development under section 116J.8737, the commissioner may utilize any audit and examination powers under chapter 270C or 289A to the extent necessary to verify that the taxpayer is eligible for the credit and to assess for the amount of any improperly claimed credit. Subd. 6. Sunset. This section expires at the same time and on the same terms as section 116J.8737, except that the expiration of this section does not affect the commissioner of revenue's authority to audit or power of examination and assessment for credits claimed under this section. History:  2010 c 216 s 12; 1Sp2017 c 1 art 1 s 27
MN Stat § 290.093 (2021)
2021 Minnesota Statutes|Chapters 289A - 295 — Various State Taxes And Programs|Chapter 290 — Income And Franchise Taxes|Section 290.093 — Tax Computation For Mutual Savings Banks Conducting Life Insurance Business.

290.093 TAX COMPUTATION FOR MUTUAL SAVINGS BANKS CONDUCTING LIFE INSURANCE BUSINESS. Mutual savings banks as defined in section 594 of the Internal Revenue Code are subject to a tax computed on the taxable income determined without regard to any items of gross income or deductions properly allocable to the business of the life insurance department, at the rates and in the manner for a corporation not engaged in the business of issuing life insurance contracts. This section applies only if the life insurance department would, if it were treated as a separate corporation, qualify as a life insurance company under section 816 of the Internal Revenue Code. History:  1987 c 268 art 1 s 55; 1988 c 719 art 3 s 12; 1989 c 28 s 25; 1990 c 604 art 2 s 16; 1991 c 291 art 6 s 46; 1992 c 511 art 6 s 19; 1993 c 375 art 8 s 14; 1994 c 587 art 1 s 24; 1Sp2001 c 5 art 9 s 18
MN Stat § 290.10 (2021)
2021 Minnesota Statutes|Chapters 289A - 295 — Various State Taxes And Programs|Chapter 290 — Income And Franchise Taxes|Section 290.10 — Nondeductible Items.

290.10 NONDEDUCTIBLE ITEMS. Subdivision 1. Expenses, interest, and taxes. In computing the net income of a taxpayer no deduction shall in any case be allowed for expenses, interest and taxes connected with or allocable against the production or receipt of all income not included in the measure of the tax imposed by this chapter, except that for corporations engaged in the business of mining or producing iron ore, the mining of which is subject to the occupation tax imposed by section 298.01, subdivision 4, this shall not prevent the deduction of expenses and other items to the extent that the expenses and other items are allowable under this chapter and are not deductible, capitalizable, retainable in basis, or taken into account by allowance or otherwise in computing the occupation tax and do not exceed the amounts taken for federal income tax purposes for that year. Occupation taxes imposed under chapter 298, royalty taxes imposed under chapter 299, or depletion expenses may not be deducted under this subdivision. Subd. 2.  MS 2018 [Repealed, 1Sp2019 c 6 art 1 s 74] History:  (2394-14) 1933 c 405 s 14; Ex1937 c 49 s 11; 1939 c 446 s 7; 1941 c 550 s 8; 1947 c 635 s 7; 1949 c 541 s 2; 1955 c 83 s 1; 1961 c 504 s 1; 1969 c 610 s 1; 1971 c 432 s 1; 1971 c 769 s 2; 1973 c 279 s 1; 1973 c 711 s 3; 1975 c 349 s 29; 1977 c 376 s 13; 1980 c 607 art 1 s 32; 1981 c 60 s 27; 1981 c 178 s 39; 1Sp1981 c 3 s 3; 1982 c 523 art 1 s 20; art 40 s 14; 1983 c 207 s 14,43; 1983 c 342 art 1 s 43; 1984 c 514 art 1 s 3,8; 1984 c 655 art 1 s 49; 1Sp1985 c 14 art 1 s 41; 1Sp1986 c 1 art 1 s 9; art 3 s 9; 1987 c 268 art 1 s 63; 1988 c 719 art 2 s 29; 1992 c 464 art 2 s 3; 1998 c 389 art 6 s 14; 2008 c 154 art 3 s 6; 2013 c 143 art 6 s 27
MN Stat § 290.172 (2021)
2021 Minnesota Statutes|Chapters 289A - 295 — Various State Taxes And Programs|Chapter 290 — Income And Franchise Taxes|Section 290.172 — Commissioner Of Revenue.

290.172 COMMISSIONER OF REVENUE. The commissioner of revenue shall represent the state of Minnesota on the multistate tax commission. The commissioner may be represented on the commission by an alternate designated by the commissioner. The alternate shall be an employee of the Department of Revenue. History:  1983 c 342 art 16 s 2; 1985 c 210 art 2 s 5; 1986 c 444
MN Stat § 290.20 (2021)
2021 Minnesota Statutes|Chapters 289A - 295 — Various State Taxes And Programs|Chapter 290 — Income And Franchise Taxes|Section 290.20 — Net Income; Allocation To State.

290.20 NET INCOME; ALLOCATION TO STATE. Subdivision 1. Statutory methods to determine; petition for use of other methods. The methods prescribed by section 290.191 shall be presumed to determine fairly and correctly the taxpayer's taxable net income allocable to this state. If the methods prescribed by section 290.191 do not fairly reflect all or any part of taxable net income allocable to this state, the taxpayer may petition for or the commissioner may require the determination of net income by the use of another method, if that method fairly reflects net income. These other methods may include: (1) separate accounting; (2) excluding any one or more of the factors; (3) including one or more additional factors; or (4) some other method. Subd. 1a. Petition form. A petition within the meaning of this section must be filed by the taxpayer in the form required by the commissioner. Subd. 2. Nonapplication of statutory methods. The methods prescribed by subdivision 1 shall not be applicable wherever and insofar as the taxpayer's business consists of the mining, producing, smelting, refining, or any combination of these activities of copper and nickel ores. History:  (2394-26) 1933 c 405 s 26; Ex1937 c 49 s 29; 1939 c 446 s 23; 1947 c 635 s 9; 1967 c 671 s 6; 1986 c 444; 1987 c 268 art 1 s 76,77
MN Stat § 290.22 (2021)
2021 Minnesota Statutes|Chapters 289A - 295 — Various State Taxes And Programs|Chapter 290 — Income And Franchise Taxes|Section 290.22 — Estates And Trusts, Imposition Of Tax.

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 with contingent interests, and income accumulated or held for future distribution under the terms of the will or trust; (2) income which is to be distributed currently by the fiduciary to the beneficiaries, and income collected by a guardian of an infant which is to be held or distributed as the court may direct; (3) income received by estates of deceased persons during the period of administration or settlement of the estate; and (4) income which, in the discretion of the fiduciary, may be either distributed to the beneficiaries or accumulated. History:  (2394-28) 1933 c 405 s 28; 1939 c 446 s 9; 1981 c 178 s 67
MN Stat § 290.26 (2021)
2021 Minnesota Statutes|Chapters 289A - 295 — Various State Taxes And Programs|Chapter 290 — Income And Franchise Taxes|Section 290.26 — Exemption For Individual Retirement Account.

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. 5.  [Repealed, 1982 c 523 art 1 s 72] Subd. 6. Individual retirement account; exemption. Any individual retirement account that is exempt from taxation under the provisions of section 408 of the Internal Revenue Code shall also be exempt from taxation under the provisions of this chapter. Subd. 7.  [Repealed, 1981 c 178 s 119] History:  (2394-28d) 1939 c 446 s 10; 1945 c 604 s 18; 1957 c 766 s 1; 1971 c 769 s 2; 1973 c 582 s 3; 1973 c 711 s 3; 1974 c 157 s 4; 1975 c 349 s 27; 1976 c 2 s 108; 1977 c 376 s 7,13; 1980 c 607 art 1 s 22,32; 1981 c 60 s 17,27; 1981 c 178 s 73-75; 1982 c 523 art 40 s 14; 1983 c 15 s 19; 1983 c 207 s 19,43; 1983 c 342 art 1 s 43; 1984 c 514 art 1 s 8; 1Sp1985 c 14 art 21 s 34,49; 1Sp1986 c 1 art 1 s 9; 1987 c 268 art 1 s 126; 1988 c 719 art 3 s 12; 1989 c 28 s 25; 1990 c 604 art 2 s 16; 1991 c 291 art 6 s 46; 1992 c 511 art 6 s 19; 1993 c 375 art 8 s 14; 1994 c 587 art 1 s 24
MN Stat § 290.281 (2021)
2021 Minnesota Statutes|Chapters 289A - 295 — Various State Taxes And Programs|Chapter 290 — Income And Franchise Taxes|Section 290.281 — Common Trust Fund.

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 1 s 72] Subd. 3.  [Repealed, 1982 c 523 art 1 s 72] Subd. 4.  [Repealed, 1982 c 523 art 1 s 72] Subd. 5.  [Repealed, 1990 c 480 art 1 s 45] Subd. 6.  [Repealed, 1982 c 523 art 1 s 72] History:  1945 c 604 s 14; 1974 c 6 s 2; 1975 c 349 s 30; 1981 c 178 s 76; 1982 c 523 art 1 s 32; 1983 c 207 s 43; 1983 c 342 art 1 s 43; 1984 c 514 art 1 s 8; 1Sp1985 c 14 art 21 s 49; 1Sp1986 c 1 art 1 s 9; art 3 s 14; 1987 c 268 art 126; 1988 c 719 art 3 s 12; 1989 c 28 s 25; 1990 c 604 art 2 s 16; 1991 c 291 art 6 s 46; 1992 c 511 art 6 s 19; 1993 c 375 art 8 s 14; 1994 c 587 art 1 s 24
MN Stat § 290.30 (2021)
2021 Minnesota Statutes|Chapters 289A - 295 — Various State Taxes And Programs|Chapter 290 — Income And Franchise Taxes|Section 290.30 — Fiduciaries, Duty To Pay Tax.

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 specifically provided and except that the tax shall be collected from the estate of the taxpayer, until notice is given that the fiduciary capacity has terminated. Upon notice to the commissioner that any person is acting in a fiduciary capacity for a person subject to the liability specified in section 270C.58, subdivision 1, the fiduciary shall assume, on behalf of such person, the powers, rights, duties, and privileges of such person under such section, except that the liability shall be collected from the estate of such person, until notice is given that the fiduciary capacity has terminated. Notice under this section shall be given in accordance with rules prescribed by the commissioner. History:  (2394-29a) 1939 c 446 s 12; 1985 c 248 s 70; 1990 c 480 art 1 s 46; 2005 c 151 art 2 s 17
MN Stat § 290.31 (2021)
2021 Minnesota Statutes|Chapters 289A - 295 — Various State Taxes And Programs|Chapter 290 — Income And Franchise Taxes|Section 290.31 — Partnerships; Individual Liability Of Partners.

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 chapter, but is subject to the tax imposed under section 290.0922. Persons carrying on business as partners shall be liable for income tax only in their separate or individual capacities. Subd. 2.  [Repealed, 1Sp2001 c 5 art 7 s 66] Subd. 2a.  [Repealed, 1Sp2001 c 5 art 7 s 66] Subd. 3.  [Repealed, 1Sp2001 c 5 art 7 s 66] Subd. 4.  [Repealed, 1Sp2001 c 5 art 7 s 66] Subd. 5.  [Repealed, 1Sp2001 c 5 art 7 s 66] Subd. 6.  [Repealed, 1982 c 523 art 1 s 72] Subd. 7.  [Repealed, 1982 c 523 art 1 s 72] Subd. 8.  [Repealed, 1982 c 523 art 1 s 72] Subd. 8a.  [Repealed, 1982 c 523 art 1 s 72] Subd. 9.  [Repealed, 1982 c 523 art 1 s 72] Subd. 10.  [Repealed, 1982 c 523 art 1 s 72] Subd. 11.  [Repealed, 1982 c 523 art 1 s 72] Subd. 12.  [Repealed, 1982 c 523 art 1 s 72] Subd. 13.  [Repealed, 1982 c 523 art 1 s 72] Subd. 14.  [Repealed, 1982 c 523 art 1 s 72] Subd. 15.  [Repealed, 1982 c 523 art 1 s 72] Subd. 16.  [Repealed, 1982 c 523 art 1 s 72] Subd. 17.  [Repealed, 1982 c 523 art 1 s 72] Subd. 18.  [Repealed, 1982 c 523 art 1 s 72] Subd. 19.  [Repealed, 1Sp2001 c 5 art 7 s 66] Subd. 20.  [Repealed, 1982 c 523 art 1 s 72] Subd. 21.  [Repealed, 1982 c 523 art 1 s 72] Subd. 22.  [Repealed, 1982 c 523 art 1 s 72] Subd. 23.  [Repealed, 1982 c 523 art 1 s 72] Subd. 24.  [Repealed, 1982 c 523 art 1 s 72] Subd. 25.  [Repealed, 1982 c 523 art 1 s 72] Subd. 26.  [Repealed, 1982 c 523 art 1 s 72] Subd. 27. Allocation of partnership income to state. The taxable net income of the partnership shall be assigned to this state under sections 290.17 to 290.20. Subd. 28.  [Repealed, 1980 c 419 s 46] History:  (2394-30) 1933 c 405 s 30; Ex1937 c 49 s 20; 1939 c 446 s 13; 1945 c 596 s 2; 1945 c 604 s 30; 1947 c 635 s 11; 1955 c 406 s 1; 1981 c 60 s 18; 1981 c 178 s 77-85; 1982 c 523 art 1 s 33-36; art 40 s 14; 1983 c 207 s 43; 1983 c 342 art 1 s 30,31,43; 1984 c 514 art 1 s 8; 1Sp1985 c 14 art 21 s 35-37,49; 1986 c 444; 1Sp1986 c 1 art 1 s 9; 1987 c 268 art 1 s 83-86,126; 1988 c 719 art 3 s 12; 1989 c 28 s 25; 1990 c 604 art 2 s 13,16; 1991 c 291 art 6 s 46; 1992 c 511 art 6 s 19; 1993 c 375 art 8 s 14; 1994 c 587 art 1 s 24; 1Sp2017 c 1 art 13 s 12; 1Sp2021 c 14 art 2 s 12