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.

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.

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written