1.1.................... moves to amend H.F. No. 451, as amended by the H0451DE1
1.2amendment, as follows:
1.3Delete everything after the enacting clause and insert:

1.4    "Section 1. Minnesota Statutes 2010, section 289A.02, subdivision 7, is amended to
1.5read:
1.6    Subd. 7. Internal Revenue Code. Unless specifically defined otherwise, for taxable
1.7years beginning before January 1, 2010, and after December 31, 2010, "Internal Revenue
1.8Code" means the Internal Revenue Code of 1986, as amended through March 18, 2010;
1.9and for taxable years beginning after December 31, 2009, and before January 1, 2011,
1.10"Internal Revenue Code" means the Internal Revenue Code of 1986, as amended through
1.11December 31, 2010.
1.12EFFECTIVE DATE.This section is effective the day after final enactment.

1.13    Sec. 2. Minnesota Statutes 2010, section 290.01, subdivision 19, is amended to read:
1.14    Subd. 19. Net income. The term "net income" means the federal taxable income,
1.15as defined in section 63 of the Internal Revenue Code of 1986, as amended through the
1.16date named in this subdivision, incorporating the federal effective dates of changes to the
1.17Internal Revenue Code and any elections made by the taxpayer in accordance with the
1.18Internal Revenue Code in determining federal taxable income for federal income tax
1.19purposes, and with the modifications provided in subdivisions 19a to 19f.
1.20    In the case of a regulated investment company or a fund thereof, as defined in section
1.21851(a) or 851(g) of the Internal Revenue Code, federal taxable income means investment
1.22company taxable income as defined in section 852(b)(2) of the Internal Revenue Code,
1.23except that:
1.24    (1) the exclusion of net capital gain provided in section 852(b)(2)(A) of the Internal
1.25Revenue Code does not apply;
2.1    (2) the deduction for dividends paid under section 852(b)(2)(D) of the Internal
2.2Revenue Code must be applied by allowing a deduction for capital gain dividends and
2.3exempt-interest dividends as defined in sections 852(b)(3)(C) and 852(b)(5) of the Internal
2.4Revenue Code; and
2.5    (3) the deduction for dividends paid must also be applied in the amount of any
2.6undistributed capital gains which the regulated investment company elects to have treated
2.7as provided in section 852(b)(3)(D) of the Internal Revenue Code.
2.8    The net income of a real estate investment trust as defined and limited by section
2.9856(a), (b), and (c) of the Internal Revenue Code means the real estate investment trust
2.10taxable income as defined in section 857(b)(2) of the Internal Revenue Code.
2.11    The net income of a designated settlement fund as defined in section 468B(d) of
2.12the Internal Revenue Code means the gross income as defined in section 468B(b) of the
2.13Internal Revenue Code.
2.14    The Internal Revenue Code of 1986, as amended through March 18, 2010, shall be
2.15in effect for taxable years beginning after December 31, 1996, except that for taxable years
2.16beginning after December 31, 2009, and before January 1, 2011, "Internal Revenue Code"
2.17means the Internal Revenue Code of 1986, as amended through December 31, 2010. The
2.18provisions of the act of January 22, 2010, Public Law 111-126, to accelerate the benefits
2.19for charitable cash contributions for the relief of victims of the Haitian earthquake, are
2.20effective at the same time it became effective for federal purposes and apply to the
2.21subtraction under subdivision 19b, clause (6). The provisions of Title II, section 2112,
2.22of the act of September 27, 2010, Public Law 111-240, rollovers from elective deferral
2.23plans to designated Roth accounts, are effective at the same time they became effective for
2.24federal purposes and taxable rollovers are included in net income at the same time they are
2.25included in gross income for federal purposes.
2.26    Except as otherwise provided, references to the Internal Revenue Code in
2.27subdivisions 19 to 19f mean the code in effect for purposes of determining net income for
2.28the applicable year.
2.29EFFECTIVE DATE.This section is effective the day after final enactment except
2.30that the changes incorporated by federal changes are effective at the same time as the
2.31changes were effective for federal purposes.

2.32    Sec. 3. Minnesota Statutes 2010, section 290.01, subdivision 19a, is amended to read:
2.33    Subd. 19a. Additions to federal taxable income. For individuals, estates, and
2.34trusts, there shall be added to federal taxable income:
3.1    (1)(i) interest income on obligations of any state other than Minnesota or a political
3.2or governmental subdivision, municipality, or governmental agency or instrumentality
3.3of any state other than Minnesota exempt from federal income taxes under the Internal
3.4Revenue Code or any other federal statute; and
3.5    (ii) exempt-interest dividends as defined in section 852(b)(5) of the Internal Revenue
3.6Code, except:
3.7(A) the portion of the exempt-interest dividends exempt from state taxation under
3.8the laws of the United States; and
3.9(B) the portion of the exempt-interest dividends derived from interest income
3.10on obligations of the state of Minnesota or its political or governmental subdivisions,
3.11municipalities, governmental agencies or instrumentalities, but only if the portion of the
3.12exempt-interest dividends from such Minnesota sources paid to all shareholders represents
3.1395 percent or more of the exempt-interest dividends, including any dividends exempt
3.14under subitem (A), that are paid by the regulated investment company as defined in section
3.15851(a) of the Internal Revenue Code, or the fund of the regulated investment company as
3.16defined in section 851(g) of the Internal Revenue Code, making the payment; and
3.17    (iii) for the purposes of items (i) and (ii), interest on obligations of an Indian tribal
3.18government described in section 7871(c) of the Internal Revenue Code shall be treated as
3.19interest income on obligations of the state in which the tribe is located;
3.20    (2) the amount of income, sales and use, motor vehicle sales, or excise taxes paid
3.21or accrued within the taxable year under this chapter and the amount of taxes based on
3.22net income paid, sales and use, motor vehicle sales, or excise taxes paid to any other
3.23state or to any province or territory of Canada, to the extent allowed as a deduction
3.24under section 63(d) of the Internal Revenue Code, but the addition may not be more
3.25than the amount by which the itemized deductions as allowed under section 63(d) of
3.26the Internal Revenue Code exceeds the amount of the standard deduction as defined in
3.27section 63(c) of the Internal Revenue Code, disregarding the amounts allowed under
3.28sections 63(c)(1)(C) and 63(c)(1)(E) of the Internal Revenue Code. For the purpose of
3.29this paragraph, the disallowance of itemized deductions under section 68 of the Internal
3.30Revenue Code of 1986, income, sales and use, motor vehicle sales, or excise taxes are
3.31the last itemized deductions disallowed;
3.32    (3) the capital gain amount of a lump-sum distribution to which the special tax under
3.33section 1122(h)(3)(B)(ii) of the Tax Reform Act of 1986, Public Law 99-514, applies;
3.34    (4) the amount of income taxes paid or accrued within the taxable year under this
3.35chapter and taxes based on net income paid to any other state or any province or territory
3.36of Canada, to the extent allowed as a deduction in determining federal adjusted gross
4.1income. For the purpose of this paragraph, income taxes do not include the taxes imposed
4.2by sections 290.0922, subdivision 1, paragraph (b), 290.9727, 290.9728, and 290.9729;
4.3    (5) the amount of expense, interest, or taxes disallowed pursuant to section 290.10
4.4other than expenses or interest used in computing net interest income for the subtraction
4.5allowed under subdivision 19b, clause (1);
4.6    (6) the amount of a partner's pro rata share of net income which does not flow
4.7through to the partner because the partnership elected to pay the tax on the income under
4.8section 6242(a)(2) of the Internal Revenue Code;
4.9    (7) 80 percent of the depreciation deduction allowed under section 168(k) of the
4.10Internal Revenue Code. For purposes of this clause, if the taxpayer has an activity that
4.11in the taxable year generates a deduction for depreciation under section 168(k) and the
4.12activity generates a loss for the taxable year that the taxpayer is not allowed to claim for
4.13the taxable year, "the depreciation allowed under section 168(k)" for the taxable year is
4.14limited to excess of the depreciation claimed by the activity under section 168(k) over the
4.15amount of the loss from the activity that is not allowed in the taxable year. In succeeding
4.16taxable years when the losses not allowed in the taxable year are allowed, the depreciation
4.17under section 168(k) is allowed;
4.18    (8) 80 percent of the amount by which the deduction allowed by section 179 of the
4.19Internal Revenue Code exceeds the deduction allowable by section 179 of the Internal
4.20Revenue Code of 1986, as amended through December 31, 2003;
4.21    (9) to the extent deducted in computing federal taxable income, the amount of the
4.22deduction allowable under section 199 of the Internal Revenue Code;
4.23    (10) the exclusion allowed under section 139A of the Internal Revenue Code for
4.24federal subsidies for prescription drug plans;
4.25(11) the amount of expenses disallowed under section 290.10, subdivision 2;
4.26    (12) for taxable years beginning before January 1, 2010, and after December 31,
4.272010, the amount deducted for qualified tuition and related expenses under section 222 of
4.28the Internal Revenue Code, to the extent deducted from gross income;
4.29    (13) for taxable years beginning before January 1, 2010, and after December 31,
4.302010, the amount deducted for certain expenses of elementary and secondary school
4.31teachers under section 62(a)(2)(D) of the Internal Revenue Code, to the extent deducted
4.32from gross income;
4.33(14) the additional standard deduction for property taxes payable that is allowable
4.34under section 63(c)(1)(C) of the Internal Revenue Code;
4.35(15) the additional standard deduction for qualified motor vehicle sales taxes
4.36allowable under section 63(c)(1)(E) of the Internal Revenue Code;
5.1(16) discharge of indebtedness income resulting from reacquisition of business
5.2indebtedness and deferred under section 108(i) of the Internal Revenue Code; and
5.3(17) the amount of unemployment compensation exempt from tax under section
5.485(c) of the Internal Revenue Code.
5.5EFFECTIVE DATE.This section is effective for taxable years beginning after
5.6December 31, 2009.

5.7    Sec. 4. Minnesota Statutes 2010, section 290.01, subdivision 19c, is amended to read:
5.8    Subd. 19c. Corporations; additions to federal taxable income. For corporations,
5.9there shall be added to federal taxable income:
5.10    (1) the amount of any deduction taken for federal income tax purposes for income,
5.11excise, or franchise taxes based on net income or related minimum taxes, including but not
5.12limited to the tax imposed under section 290.0922, paid by the corporation to Minnesota,
5.13another state, a political subdivision of another state, the District of Columbia, or any
5.14foreign country or possession of the United States;
5.15    (2) interest not subject to federal tax upon obligations of: the United States, its
5.16possessions, its agencies, or its instrumentalities; the state of Minnesota or any other
5.17state, any of its political or governmental subdivisions, any of its municipalities, or any
5.18of its governmental agencies or instrumentalities; the District of Columbia; or Indian
5.19tribal governments;
5.20    (3) exempt-interest dividends received as defined in section 852(b)(5) of the Internal
5.21Revenue Code;
5.22    (4) the amount of any net operating loss deduction taken for federal income tax
5.23purposes under section 172 or 832(c)(10) of the Internal Revenue Code or operations loss
5.24deduction under section 810 of the Internal Revenue Code;
5.25    (5) the amount of any special deductions taken for federal income tax purposes
5.26under sections 241 to 247 and 965 of the Internal Revenue Code;
5.27    (6) losses from the business of mining, as defined in section 290.05, subdivision 1,
5.28clause (a), that are not subject to Minnesota income tax;
5.29    (7) the amount of any capital losses deducted for federal income tax purposes under
5.30sections 1211 and 1212 of the Internal Revenue Code;
5.31    (8) the exempt foreign trade income of a foreign sales corporation under sections
5.32921(a) and 291 of the Internal Revenue Code;
5.33    (9) the amount of percentage depletion deducted under sections 611 through 614 and
5.34291 of the Internal Revenue Code;
6.1    (10) for certified pollution control facilities placed in service in a taxable year
6.2beginning before December 31, 1986, and for which amortization deductions were elected
6.3under section 169 of the Internal Revenue Code of 1954, as amended through December
6.431, 1985, the amount of the amortization deduction allowed in computing federal taxable
6.5income for those facilities;
6.6    (11) the amount of any deemed dividend from a foreign operating corporation
6.7determined pursuant to section 290.17, subdivision 4, paragraph (g). The deemed dividend
6.8shall be reduced by the amount of the addition to income required by clauses (20), (21),
6.9(22), and (23);
6.10    (12) the amount of a partner's pro rata share of net income which does not flow
6.11through to the partner because the partnership elected to pay the tax on the income under
6.12section 6242(a)(2) of the Internal Revenue Code;
6.13    (13) the amount of net income excluded under section 114 of the Internal Revenue
6.14Code;
6.15    (14) for taxable years beginning after December 31, 2009, and before January 1,
6.162011, any increase in subpart F income, as defined in section 952(a) of the Internal
6.17Revenue Code, for the taxable year when subpart F income is calculated without regard to
6.18the provisions of Division C, title III, section 303(b) of Public Law 110-343 section 750
6.19of Public Law 111-312;
6.20    (15) 80 percent of the depreciation deduction allowed under section 168(k)(1)(A)
6.21and (k)(4)(A) of the Internal Revenue Code. For purposes of this clause, if the taxpayer
6.22has an activity that in the taxable year generates a deduction for depreciation under
6.23section 168(k)(1)(A) and (k)(4)(A) and the activity generates a loss for the taxable year
6.24that the taxpayer is not allowed to claim for the taxable year, "the depreciation allowed
6.25under section 168(k)(1)(A) and (k)(4)(A)" for the taxable year is limited to excess of the
6.26depreciation claimed by the activity under section 168(k)(1)(A) and (k)(4)(A) over the
6.27amount of the loss from the activity that is not allowed in the taxable year. In succeeding
6.28taxable years when the losses not allowed in the taxable year are allowed, the depreciation
6.29under section 168(k)(1)(A) and (k)(4)(A) is allowed;
6.30    (16) 80 percent of the amount by which the deduction allowed by section 179 of the
6.31Internal Revenue Code exceeds the deduction allowable by section 179 of the Internal
6.32Revenue Code of 1986, as amended through December 31, 2003;
6.33    (17) to the extent deducted in computing federal taxable income, the amount of the
6.34deduction allowable under section 199 of the Internal Revenue Code;
6.35    (18) the exclusion allowed under section 139A of the Internal Revenue Code for
6.36federal subsidies for prescription drug plans;
7.1    (19) the amount of expenses disallowed under section 290.10, subdivision 2;
7.2    (20) an amount equal to the interest and intangible expenses, losses, and costs paid,
7.3accrued, or incurred by any member of the taxpayer's unitary group to or for the benefit
7.4of a corporation that is a member of the taxpayer's unitary business group that qualifies
7.5as a foreign operating corporation. For purposes of this clause, intangible expenses and
7.6costs include:
7.7    (i) expenses, losses, and costs for, or related to, the direct or indirect acquisition,
7.8use, maintenance or management, ownership, sale, exchange, or any other disposition of
7.9intangible property;
7.10    (ii) losses incurred, directly or indirectly, from factoring transactions or discounting
7.11transactions;
7.12    (iii) royalty, patent, technical, and copyright fees;
7.13    (iv) licensing fees; and
7.14    (v) other similar expenses and costs.
7.15For purposes of this clause, "intangible property" includes stocks, bonds, patents, patent
7.16applications, trade names, trademarks, service marks, copyrights, mask works, trade
7.17secrets, and similar types of intangible assets.
7.18This clause does not apply to any item of interest or intangible expenses or costs paid,
7.19accrued, or incurred, directly or indirectly, to a foreign operating corporation with respect
7.20to such item of income to the extent that the income to the foreign operating corporation
7.21is income from sources without the United States as defined in subtitle A, chapter 1,
7.22subchapter N, part 1, of the Internal Revenue Code;
7.23    (21) except as already included in the taxpayer's taxable income pursuant to clause
7.24(20), any interest income and income generated from intangible property received or
7.25accrued by a foreign operating corporation that is a member of the taxpayer's unitary
7.26group. For purposes of this clause, income generated from intangible property includes:
7.27    (i) income related to the direct or indirect acquisition, use, maintenance or
7.28management, ownership, sale, exchange, or any other disposition of intangible property;
7.29    (ii) income from factoring transactions or discounting transactions;
7.30    (iii) royalty, patent, technical, and copyright fees;
7.31    (iv) licensing fees; and
7.32    (v) other similar income.
7.33For purposes of this clause, "intangible property" includes stocks, bonds, patents, patent
7.34applications, trade names, trademarks, service marks, copyrights, mask works, trade
7.35secrets, and similar types of intangible assets.
8.1This clause does not apply to any item of interest or intangible income received or accrued
8.2by a foreign operating corporation with respect to such item of income to the extent that
8.3the income is income from sources without the United States as defined in subtitle A,
8.4chapter 1, subchapter N, part 1, of the Internal Revenue Code;
8.5    (22) the dividends attributable to the income of a foreign operating corporation that
8.6is a member of the taxpayer's unitary group in an amount that is equal to the dividends
8.7paid deduction of a real estate investment trust under section 561(a) of the Internal
8.8Revenue Code for amounts paid or accrued by the real estate investment trust to the
8.9foreign operating corporation;
8.10    (23) the income of a foreign operating corporation that is a member of the taxpayer's
8.11unitary group in an amount that is equal to gains derived from the sale of real or personal
8.12property located in the United States;
8.13    (24) for taxable years beginning before January 1, 2010, and after December 31,
8.142010, the additional amount allowed as a deduction for donation of computer technology
8.15and equipment under section 170(e)(6) of the Internal Revenue Code, to the extent
8.16deducted from taxable income; and
8.17(25) discharge of indebtedness income resulting from reacquisition of business
8.18indebtedness and deferred under section 108(i) of the Internal Revenue Code.
8.19EFFECTIVE DATE.This section is effective for taxable years beginning after
8.20December 31, 2009.

8.21    Sec. 5. Minnesota Statutes 2010, section 290.01, subdivision 19d, is amended to read:
8.22    Subd. 19d. Corporations; modifications decreasing federal taxable income. For
8.23corporations, there shall be subtracted from federal taxable income after the increases
8.24provided in subdivision 19c:
8.25    (1) the amount of foreign dividend gross-up added to gross income for federal
8.26income tax purposes under section 78 of the Internal Revenue Code;
8.27    (2) the amount of salary expense not allowed for federal income tax purposes due to
8.28claiming the work opportunity credit under section 51 of the Internal Revenue Code;
8.29    (3) any dividend (not including any distribution in liquidation) paid within the
8.30taxable year by a national or state bank to the United States, or to any instrumentality of
8.31the United States exempt from federal income taxes, on the preferred stock of the bank
8.32owned by the United States or the instrumentality;
8.33    (4) amounts disallowed for intangible drilling costs due to differences between
8.34this chapter and the Internal Revenue Code in taxable years beginning before January
8.351, 1987, as follows:
9.1    (i) to the extent the disallowed costs are represented by physical property, an amount
9.2equal to the allowance for depreciation under Minnesota Statutes 1986, section 290.09,
9.3subdivision 7 , subject to the modifications contained in subdivision 19e; and
9.4    (ii) to the extent the disallowed costs are not represented by physical property, an
9.5amount equal to the allowance for cost depletion under Minnesota Statutes 1986, section
9.6290.09, subdivision 8 ;
9.7    (5) the deduction for capital losses pursuant to sections 1211 and 1212 of the
9.8Internal Revenue Code, except that:
9.9    (i) for capital losses incurred in taxable years beginning after December 31, 1986,
9.10capital loss carrybacks shall not be allowed;
9.11    (ii) for capital losses incurred in taxable years beginning after December 31, 1986,
9.12a capital loss carryover to each of the 15 taxable years succeeding the loss year shall be
9.13allowed;
9.14    (iii) for capital losses incurred in taxable years beginning before January 1, 1987, a
9.15capital loss carryback to each of the three taxable years preceding the loss year, subject to
9.16the provisions of Minnesota Statutes 1986, section 290.16, shall be allowed; and
9.17    (iv) for capital losses incurred in taxable years beginning before January 1, 1987,
9.18a capital loss carryover to each of the five taxable years succeeding the loss year to the
9.19extent such loss was not used in a prior taxable year and subject to the provisions of
9.20Minnesota Statutes 1986, section 290.16, shall be allowed;
9.21    (6) an amount for interest and expenses relating to income not taxable for federal
9.22income tax purposes, if (i) the income is taxable under this chapter and (ii) the interest and
9.23expenses were disallowed as deductions under the provisions of section 171(a)(2), 265 or
9.24291 of the Internal Revenue Code in computing federal taxable income;
9.25    (7) in the case of mines, oil and gas wells, other natural deposits, and timber for
9.26which percentage depletion was disallowed pursuant to subdivision 19c, clause (9), a
9.27reasonable allowance for depletion based on actual cost. In the case of leases the deduction
9.28must be apportioned between the lessor and lessee in accordance with rules prescribed
9.29by the commissioner. In the case of property held in trust, the allowable deduction must
9.30be apportioned between the income beneficiaries and the trustee in accordance with the
9.31pertinent provisions of the trust, or if there is no provision in the instrument, on the basis
9.32of the trust's income allocable to each;
9.33    (8) for certified pollution control facilities placed in service in a taxable year
9.34beginning before December 31, 1986, and for which amortization deductions were elected
9.35under section 169 of the Internal Revenue Code of 1954, as amended through December
10.131, 1985, an amount equal to the allowance for depreciation under Minnesota Statutes
10.21986, section 290.09, subdivision 7;
10.3    (9) amounts included in federal taxable income that are due to refunds of income,
10.4excise, or franchise taxes based on net income or related minimum taxes paid by the
10.5corporation to Minnesota, another state, a political subdivision of another state, the
10.6District of Columbia, or a foreign country or possession of the United States to the extent
10.7that the taxes were added to federal taxable income under section 290.01, subdivision 19c,
10.8clause (1), in a prior taxable year;
10.9    (10) 80 percent of royalties, fees, or other like income accrued or received from a
10.10foreign operating corporation or a foreign corporation which is part of the same unitary
10.11business as the receiving corporation, unless the income resulting from such payments or
10.12accruals is income from sources within the United States as defined in subtitle A, chapter
10.131, subchapter N, part 1, of the Internal Revenue Code;
10.14    (11) income or gains from the business of mining as defined in section 290.05,
10.15subdivision 1 , clause (a), that are not subject to Minnesota franchise tax;
10.16    (12) the amount of disability access expenditures in the taxable year which are not
10.17allowed to be deducted or capitalized under section 44(d)(7) of the Internal Revenue Code;
10.18    (13) the amount of qualified research expenses not allowed for federal income tax
10.19purposes under section 280C(c) of the Internal Revenue Code, but only to the extent that
10.20the amount exceeds the amount of the credit allowed under section 290.068;
10.21    (14) the amount of salary expenses not allowed for federal income tax purposes due
10.22to claiming the Indian employment credit under section 45A(a) of the Internal Revenue
10.23Code;
10.24    (15) for a corporation whose foreign sales corporation, as defined in section 922
10.25of the Internal Revenue Code, constituted a foreign operating corporation during any
10.26taxable year ending before January 1, 1995, and a return was filed by August 15, 1996,
10.27claiming the deduction under section 290.21, subdivision 4, for income received from
10.28the foreign operating corporation, an amount equal to 1.23 multiplied by the amount of
10.29income excluded under section 114 of the Internal Revenue Code, provided the income is
10.30not income of a foreign operating company;
10.31    (16) for taxable years beginning after December 31, 2009, and before January 1,
10.322011, any decrease in subpart F income, as defined in section 952(a) of the Internal
10.33Revenue Code, for the taxable year when subpart F income is calculated without regard to
10.34the provisions of Division C, title III, section 303(b) of Public Law 110-343 section 750
10.35of Public Law 111-312;
11.1    (17) in each of the five tax years immediately following the tax year in which an
11.2addition is required under subdivision 19c, clause (15), an amount equal to one-fifth of
11.3the delayed depreciation. For purposes of this clause, "delayed depreciation" means the
11.4amount of the addition made by the taxpayer under subdivision 19c, clause (15). The
11.5resulting delayed depreciation cannot be less than zero;
11.6    (18) in each of the five tax years immediately following the tax year in which an
11.7addition is required under subdivision 19c, clause (16), an amount equal to one-fifth of
11.8the amount of the addition; and
11.9(19) to the extent included in federal taxable income, discharge of indebtedness
11.10income resulting from reacquisition of business indebtedness included in federal taxable
11.11income under section 108(i) of the Internal Revenue Code. This subtraction applies only
11.12to the extent that the income was included in net income in a prior year as a result of the
11.13addition under section 290.01, subdivision 19c, clause (25).
11.14EFFECTIVE DATE.This section is effective for taxable years beginning after
11.15December 31, 2009.

11.16    Sec. 6. Minnesota Statutes 2010, section 290.01, subdivision 31, is amended to read:
11.17    Subd. 31. Internal Revenue Code. Unless specifically defined otherwise, for
11.18taxable years beginning before January 1, 2010, and after December 31, 2010, "Internal
11.19Revenue Code" means the Internal Revenue Code of 1986, as amended through March 18,
11.202010; and for taxable years beginning after December 31, 2009, and before January 1,
11.212011, "Internal Revenue Code" means the Internal Revenue Code of 1986, as amended
11.22through December 31, 2010. Internal Revenue Code also includes any uncodified
11.23provision in federal law that relates to provisions of the Internal Revenue Code that are
11.24incorporated into Minnesota law.
11.25EFFECTIVE DATE.This section is effective the day after final enactment except
11.26the changes incorporated by federal changes are effective at the same time as the changes
11.27were effective for federal purposes.

11.28    Sec. 7. Minnesota Statutes 2010, section 290A.03, subdivision 15, is amended to read:
11.29    Subd. 15. Internal Revenue Code. For taxable years beginning before January 1,
11.302010, and after December 31, 2010, "Internal Revenue Code" means the Internal Revenue
11.31Code of 1986, as amended through March 18, 2010; and for taxable years beginning after
11.32December 31, 2009, and before January 1, 2011, "Internal Revenue Code" means the
11.33Internal Revenue Code of 1986, as amended through December 31, 2010.
12.1EFFECTIVE DATE.This section is effective for property tax refunds based on
12.2property taxes payable on or after December 31, 2010, and rent paid on or after December
12.331, 2009.

12.4    Sec. 8. CORRECTED FORM W-2 NOT REQUIRED.
12.5Employers who have prepared and distributed form W-2, wage and tax statement,
12.6for tax year 2010, that reported to employees the amount of health coverage provided to
12.7adult children under age 27 includable in net income under prior law, are not required to
12.8prepare and distribute corrected tax year 2010 form W-2.
12.9EFFECTIVE DATE.This section is effective the day following final enactment."