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Taxes

FORTY-SEVENTH MEETING

2019-2020 Regular Session - Thursday, March 5, 2020

STATE OF MINNESOTA FORTY-SEVENTH MEETING
HOUSE OF REPRESENTATIVES NINETY-FIRST SESSION

TAX COMMITTEE

MINUTES

Representative Paul Marquart, Chair of the Committee, called the meeting to order at 8:00 A.M. on, Thursday, March 5, 2020, in Room 5 of the State Office Building. A quorum was present.

The Committee Legislative Assistant noted the roll.

Members present:

MARQUART, Paul, (Chair)
LISLEGARD, Dave (Vice-Chair)
DAVIDS, Greg, Lead
BECKER-FINN, Jamie
BRAND, Jeff
CARLSON, Andrew
CARLSON, Lyndon
ERICKSON, Sondra
FABIAN, Dan
GOMEZ, Aisha
LIEN, Ben
MCDONALD, Joe
O’NEILL, Marion
PETERSBURG, John
SCHOMACKER, Joe
SCHULTZ, Jennifer
SWEDZINSKI, Chris
XIONG, Tou
YOUAKIM, Cheryl

Members excused:

LESCH, John

Representative Lislegard moved that the minutes of March 4, 2020 be adopted. THE MOTION PREVAILED.

HF 871 (Davids) Business entities provided option to file as C corporations

Representative Davids moved that HF 871 be laid over for possible inclusion in an omnibus bill.

Representative Davids moved the H0871DE1 amendment. THE MOTION PREVAILED.

Providing testimony:
Beth Kadoun, Minnesota Chamber of Commerce
John Kammerer, Redpath and Company
Mike Hickey, National Federation of Independent Businesses
Joanna Bayers, Department of Revenue
Cynthia Templin, House Fiscal Staff

Representative Davids renewed his motion that HF 871, as amended, be laid over for possible inclusion in an omnibus bill.

Vice-Chair Lislegard assumed the gavel at 8:20 A.M.

HF 3882 (Marquart) Full section 179 expensing allowed for like-kind exchange property

Representative Marquart moved that HF 3882 be laid over for possible inclusion in an omnibus bill.

Providing testimony:

Representative Dave Baker
John Christianson, Christianson PLLP
Tom Byrne, CPA at CarlsonSV
Stu Lourey, Minnesota Farmers Union
Mike Hickey, National Federation of Independent Businesses
Todd Koch, CPA at Knutson & Co.
Jason Hollund, Farmer
Kevin Poppel, Farmer
Amber Glaeser, MFBF

Representative Marquart renewed his motion that HF 3882 be laid over for possible inclusion in an omnibus bill.

Chair Marquart resumes gavel at 9:15 A.M.

HF 3136 (Swedzinski) Unused section 179 expensing and bonus depreciation subtraction carryover allowed

Representative Swedzinski moved that HF 3136 be laid over for possible inclusion in an omnibus bill.

Providing testimony:

Beth Kadoun, Minnesota Chamber of Commerce
Tom Bryne, CPA at CarlsonSV
Mike Hickey, National Federation of Independent Businesses

Representative Swedzinski renewed his motion that HF 3136 be laid over for possible inclusion in an omnibus bill.

The meeting was adjourned at 9:28 A.M.


















Representative Paul Marquart, Chair




Urszula Gryska,
Committee Legislative Assistant
More Info On This Meeting..
Bills Added:
  • HF871 (Davids) - Business entities provided option to file as C corporations.
  • HF3882 (Marquart) - Full section 179 expensing allowed for like-kind exchange property.
  • HF3136 (Swedzinski) - Taxation; unused section 179 expensing and bonus depreciation subtraction carryover allowed.
House TV Video:
View Archive

00:34 - HF871 (Davids) Business entities provided option to file as C corporations.
19:17 - HF3882 (Marquart) Full section 179 expensing allowed for like-kind exchange property.
1:13:47 - HF3136 (Swedzinski) Unused section 179 expensing and bonus depreciation subtraction carryover allowed.
Runs 1 hour, 27 minutes.


I. HF 871 (Davids) Business entities provided option to file as C corporations
II. HF 3882 (Marquart) Full section 179 expensing allowed for like-kind exchange property
III. HF 3136 (Swedzinski) Unused section 179 expensing and bonus depreciation subtraction carryover allowed