Bill Summary
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Senate Counsel & Research   State of Minnesota
 
S.F. No. 179 - Income Tax Credit for Transit Passes
Author: Senator D. Scott Dibble
Prepared by: Michelle J. Allen, Senate Counsel (651/296-0558)
Date: February 22, 2007

This bill extends to nonprofit organizations the current income tax credit for providing transit passes to employees. Under this proposed legislation, nonprofit organizations could apply for a refund equal to 30 percent of the expenses incurred in providing transit passes to employees. The bill also requires the commissioner of revenue to issue refunds on at least a quarterly basis.

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