Taxes

SIXTH MEETING

2021-2022 Regular Session - Tuesday, February 2, 2021

STATE OF MINNESOTA SIXTH MEETING
HOUSE OF REPRESENTATIVES NINETY-SECOND SESSION

TAX COMMITTEE

MINUTES

Representative Paul Marquart, Chair of the Committee, called the virtual Tax Committee meeting to order at 1:00 P.M. on Tuesday, February 2, 2021 pursuant to House rule 10.01. The meeting is being broadcast via Zoom and House Public Information Services.

The Committee Legislative Assistant noted the roll.

Members present:

MARQUART, Paul CHAIR
LISLEGARD, Dave VC
DAVIDS, Greg Lead
AGBAJE, Esther
CARLSON, Andrew
DETTMER, Bob
GAROFALO, Pat
HER, Kaohly
HERTAUS, Jerry
HOWARD, Michael
MCDONALD, Joe
MILLER, Tim
MORTENSON, Erik
ROBBINS, Kristin
SANDELL, Steve
SCHULTZ, Jennifer
STEPHENSON, Zack
SWEDZINSKI, Chris
YOUAKIM, Cheryl

Members excused:

GOMEZ, Aisha
MORAN, Rena

A quorum was present.

Representative Lislegard moved the approval of the January 27, 2021 minutes. THE MOTION PREVAILED.

Chair Marquart referred bills to the Property Tax Division by memo of February 1, 2021.

Overview of federal conformity tax provisions from Further Consolidation Appropriations Act, CARES Act, Families First Coronavirus Response Act and the Consolidated Appropriations Act

Sean Williams, House Research
Christopher Kleman, House Research
Cynthia Templin, House Fiscal

The meeting was adjourned at 2:07 P.M.

Representative Paul Marquart, Chair

Urszula Gryska,
Committee Legislative Assistant

More Info On This Meeting..

Documents:

Tax conformity presentation FINAL.pdf - 2/1/2021
FC summary thru 1202720_updated020121.pdf - 2/1/2021
Feb 2 tax agenda.pdf - 2/1/2021
feb 1 referral memo to division.pdf - 2/1/2021
tax committee minutes 1-27-21.pdf - 2/1/2021
Federal Update All Provisions 012521 (2).pdf - 2/1/2021
Federal update Coronavirus Response Act_2- FFA (2).pdf - 2/1/2021
Federal Updates CAA 2021 (2).pdf - 2/1/2021
Federal Updates CARES ACT_3 (2).pdf - 2/1/2021
Federal Updates Public Law 116-94_3 - FCAA (2).pdf - 2/1/2021
Federal Update PPP Loan Exclusion.pdf - 2/1/2021

Audio:
Listen Now

House TV Video:
View Archive

Overview of federal conformity provisions with an impact on state income and corporate taxes.
- House Research and House Fiscal staff.
09:15 - Tax side.
49:00 - Fiscal side.
Runs 1 hour, 7 minutes.

Show Full Schedule Agenda:

I. Overview of federal conformity provisions with an impact on state income and corporate taxes from House Research and House Fiscal staff

This is an informational hearing only, no bills will be heard.

This remote hearing may be viewed via the House webcast schedule page: https://www.house.leg.state.mn.us/htv/schedule.asp NOTE: HTV 1 and HTV 2 will provide live closed captioning. Video archives of meetings streamed on HTV 3, 4, and 5 will have closed captions added. Other reasonable accessibility accommodations may be made with advance notice.

If you have questions about the accessibility of remote hearings or require an accommodation, please contact Jenny Nash at: jenny.nash@house.mn or by leaving a message at 651-296-4122. Please do not contact her with questions about the substance of the agenda.

This remote hearing is taking place pursuant to Rule 10.01.