1.1.................... moves to amend H.F. No. 5247, the second engrossment, as follows:
1.2Page 7, after line 11, insert:

1.3    "Sec. .... Minnesota Statutes 2023 Supplement, section 290.0132, subdivision 26, is
1.4amended to read:
1.5    Subd. 26. Social Security benefits. (a) A taxpayer is allowed a subtraction equal to the
1.6greater of the simplified subtraction allowed under paragraph (b) or the alternate subtraction
1.7determined under paragraph (e).
1.8(b) A taxpayer's simplified A taxpayer is allowed a subtraction equals equal to the amount
1.9of taxable social security benefits, as reduced under paragraphs (c) and (d).
1.10(c) For a taxpayer other than a married taxpayer filing a separate return with adjusted
1.11gross income above the phaseout threshold, the simplified subtraction is reduced by ten
1.12percent for each $4,000 of adjusted gross income, or fraction thereof, in excess of the
1.13phaseout threshold. The phaseout threshold equals:
1.14(1) $100,000 for a married taxpayer filing a joint return or surviving spouse;
1.15(2) $78,000 for a single or head of household taxpayer; and
1.16(3) for a married taxpayer filing a separate return, half the amount for a married taxpayer
1.17filing a joint return.
1.18(d) For a married taxpayer filing a separate return, the simplified subtraction is reduced
1.19by ten percent for each $2,000 of adjusted gross income, or fraction thereof, in excess of
1.20the phaseout threshold.
1.21(e) A taxpayer's alternate subtraction equals the lesser of taxable Social Security benefits
1.22or a maximum subtraction subject to the limits under paragraphs (f), (g), and (h).
2.1(f) For married taxpayers filing a joint return and surviving spouses, the maximum
2.2subtraction under paragraph (c) equals $5,840. The maximum subtraction is reduced by 20
2.3percent of provisional income over $88,630. In no case is the subtraction less than zero.
2.4(g) For single or head-of-household taxpayers, the maximum subtraction under paragraph
2.5(c) equals $4,560. The maximum subtraction is reduced by 20 percent of provisional income
2.6over $69,250. In no case is the subtraction less than zero.
2.7(h) For married taxpayers filing separate returns, the maximum subtraction under
2.8paragraph (c) equals one-half the maximum subtraction for joint returns under paragraph
2.9(f). The maximum subtraction is reduced by 20 percent of provisional income over one-half
2.10the threshold amount specified in paragraph (d). In no case is the subtraction less than zero.
2.11(i) For purposes of this subdivision, "provisional income" means modified adjusted gross
2.12income as defined in section 86(b)(2) of the Internal Revenue Code, plus one-half of the
2.13taxable Social Security benefits received during the taxable year, and "Social Security
2.14benefits" has the meaning given in section 86(d)(1) of the Internal Revenue Code.
2.15(j) The commissioner shall adjust the phaseout threshold amounts in paragraphs (c) and
2.16(d) as provided in section 270C.22. The statutory year is taxable year 2023. The maximum
2.17subtraction and threshold amounts as adjusted must be rounded to the nearest $10 amount.
2.18If the amount ends in $5, the amount is rounded up to the nearest $10 amount.
2.19EFFECTIVE DATE.This section is effective for taxable years beginning after December
2.2031, 2023."
2.21Page 112, after line 2, insert:

2.22    "Sec. .... Minnesota Statutes 2022, section 16B.2406, subdivision 1, is amended to read:
2.23    Subdivision 1. Account established; appropriations and use of funds. (a) A Capitol
2.24Area building account is established in the state treasury. The commissioner of management
2.25and budget shall deposit the proceeds from the lease revenue bonds or certificates of
2.26participation received under subdivision 2 to the account. Net income from investment of
2.27the proceeds, as estimated by the commissioner of management and budget, must be credited
2.28to the appropriate accounts in the Capitol Area building account.
2.29(b) Funds in the Capitol Area building account are appropriated to the commissioner of
2.30administration for capital expenditures that address identified critical health, life safety, and
2.31security needs of buildings located on the State Capitol complex that were constructed
2.32before 1940 and for expenditures to ensure the continued operations of affected tenants
2.33while those needs are being addressed. The funds may be used for predesign, design,
3.1construction, equipping, and hazardous materials abatement activities related to these
3.2authorized uses including but not limited to addressing necessary accessibility, infrastructure,
3.3function, and building systems changes. This appropriation may only be used for renovation
3.4or rehabilitation of existing buildings in the State Capitol complex and to expand an existing
3.5building as part of a renovation or rehabilitation project funded under this section. This
3.6appropriation may not be used to demolish an existing building in its entirety.
3.7(c) Amounts necessary for predesign, design, rent loss, and tenant relocation for projects
3.8authorized by this subdivision are appropriated from the general fund to the commissioner
3.9of administration. The predesign must include a needs assessment prepared by an independent
3.10contractor. To prepare the needs assessment, the contractor must consider the needs of all
3.11tenants of the building. The assessment should identify goals to be achieved by the renovation
3.12or rehabilitation project and must address needs for health, life safety, security, and function,
3.13including space and layout needs for each tenant. The commissioner must not prepare final
3.14plans and specifications until the program plan and cost estimates for all elements necessary
3.15to complete the project are approved by the affected building's primary tenant. The final
3.16plans and specifications must resolve the needs identified in the needs assessment.
3.17(d) The commissioner of administration may not prepare final plans and specifications
3.18for any project authorized by this subdivision until at least 60 days after the commissioner
3.19has submitted the results of the needs assessment to the Capitol Area Architectural and
3.20Planning Board. Projects authorized by this section are exempt from the design competition
3.21requirement of section 15B.10.
3.22(e) $370,000,000 in fiscal year 2025 is transferred from the Capitol Area building account
3.23to the general fund."
3.24Renumber the sections in sequence and correct the internal references
3.25Amend the title accordingly