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S.F. No. 457 - Modifying Definition of Resident
 
Author: Senator Roger C. Chamberlain
 
Prepared By: Nora Pollock, Senate Counsel (651/297-8066)
 
Date: February 14, 2017



 

This bill modifies the statutory domicile test under the individual income tax and modifies the domicile test for purposes of the estate tax.

Section

Provision

1

 

Modifies the domicile test so that the Department of Revenue or a court, in determining where the individual intends his or her permanent home, cannot consider the location of the individual’s attorney, certified public accountant, or financial advisor and the place of business of a financial institution where the individual opened or maintains an account. Defines “financial advisor” and “financial institution.” Effective beginning in tax year 2017.
 

2

Applies the provisions relating to the location of an individual’s attorney, certified public accountant, or financial advisor and the place of business of a financial institution where the individual opened or maintains an account to the estate tax chapter for purposes of determining domicile of a decedent. Effective for estates of decedents dying in 2017 and after.

 

 
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