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Taxes Committee
Tuesday, March 20, 2012
8:15 AM, Room 15, Capitol

Minutes

Present: Senator Thomas M. Bakk, Senator Roger C. Chamberlain, Senator D. Scott Dibble, Senator Gretchen M. Hoffman, Senator John Howe, Senator Warren Limmer, Senator John Marty, Senator Geoff Michel, Senator Julianne E. Ortman, Senator Ann H. Rest, Senator Julie A. Rosen, Senator David H. Senjem, Senator Rod Skoe

Absent: No Members Absent

Senator Julianne E. Ortman called the meeting to order at 8:20 AM.

S.F. 2448: Senator Ortman: LGA setting 2013 payments equal to 2012.



Senator Ortman moved that S.F. 2448, be laid over and maybe considered for omnibus bill. - MOTION PREVAILED.

S.F. 2404: Senator Chamberlain: Estate tax modifying requirements for qualified farm and small business.



Senator Ortman moved that S.F. 2404, be laid over and maybe considered for omnibus bill. - MOTION PREVAILED.

S.F. 2427: Senator Daley: Federal conformity to IRA rollover provision.



Senator Ortman moved that S.F. 2427, be laid over. - MOTION PREVAILED.

S.F. 2437: Senator Pederson: St. Cloud Economic Development Authority TIF provision.



Senator Ortman moved that S.F. 2437, be laid over. - MOTION PREVAILED.

S.F. 1881: Senator Senjem: Extending the sunset on the historic tax credit.



Senator Ortman moved that S.F. 1881, be laid over and maybe considered for omnibus bill. - MOTION PREVAILED.

S.F. 2449: Senator Ortman: Modifying historic tax credit.



Senator Michel moved that S.F. 2449, be laid over and maybe considered for omnibus bill. - MOTION PREVAILED.

Informational hearing on Governor's supplemental budget - Tax provisions only.



Discussion only.

S.F. 1768: Senator Skoe: Governor\'s bill, Jobs Now Credit, FOC/Royalty, Sales and Use Modification. Informational Hearing - Discussion Only.



Discussion only.

S.F. 2479: Senator Marty: Corporate franchise tax, foreign operation and foreign royalty Governor supplemental budget proposal.



Discussion only.

The meeting was adjourned at 10:17 AM.


 
                                                                      
Senator Julianne E. Ortman, Chair
                                                                      
Peter Fjelstad, Legislative Assistant