Minnesota · 2025-2026 Regular Session · Bill

HF 947: Individual income and corporate franchise taxes; subtraction for global intangible low-taxed income established, corporate net operating loss deduction increased, and dividend received deduction increased.

In committee Last action February 17, 2025: Introduction and first reading, referred to Taxes

Plain-language summary

HF 947 is a bill introduced in the Minnesota House on February 17, 2025. According to its official title, it concerns: Individual income and corporate franchise taxes; subtraction for global intangible low-taxed income established, corporate net operating loss deduction increased, and dividend received deduction increased. Primary sponsor: Greg Davids (Republican). Most recent recorded action (February 17, 2025): Introduction and first reading, referred to Taxes.

Sponsors

Primary sponsor: Greg Davids (Republican).