Legislative Session number- 81

Bill Name: SF0115

Relating to taxationARTICLE 1 - INCOME TAXES Reducing individual income tax
rates and adjusting the brackets, requiring certain inflation adjustments;
reducing the alternative minimum tax rate and increasing the exemption amount
ARTICLE 2 - PROPERTY TAX REFORMReducing the property tax classification rates
for certain residential and agricultural homestead, commercial industrial,
residential nonhomestead, seasonal residential recreational and personal
property and increasing the education homestead credit; appropriating money to
the commissioner of children, families and learning to fund a reduction in the
statewide general education property tax levy; repealing the transition class
rate for low income housing and the education homestead credit percentage
reduction requirement ARTICLE 3 - HEALTH CARE TAXESEliminating the insurance
gross premium tax on health maintenance organizations (HMO), community
integrated service networks (CISN) and nonprofit health service plan
corporations; phasing out the health care provider tax and the MinnesotaCare
gross earnings tax on hospitals and health care providers; repealing the health
care access fund, requiring transfer of funds by the commissioner of finance to
the general fund and specifying certain term substitution instructions to the
revisor of statutes (ra)