Legislative Session number- 87

Bill Name: SF0870

Relating to taxation

ARTICLE 1 - INDIVIDUAL INCOME AND WITHHOLDING
TAXES

Modifying and conforming certain provisions relating to duties of the
commissioner of revenue, filing requirements for individual income, third-party
payers of sick pay benefits, payment of estimated taxes, and extension of
withholding to certain payments where identifying number not furnished or
inaccurate

ARTICLE 2 - ESTATE TAX

Modifying due dates for filing of estate
tax returns and certain elections for qualified terminable interest property;
repealing the estate tax limitations on time for assessment of tax
provision

ARTICLE 3 - PROPERTY TAX

Modifying certain provisions relating
to certification to county assessors, nonhomestead agricultural property
determinations, and agricultural property classifications, providing for
correction of errors for the calculated amount of production tax; providing for
corrected certification issuance for personal property assessment of pipeline
systems and for transmission lines assessments errors; expanding recommended
values procedures

ARTICLE 4 - SALES AND USE TAX

Modifying a provision
relating to accelerated payment of monthly sales liability and penalty for
underpayment; providing for transitional period for services for tax rate
changes; modifying certain provisions relating to the sale of direct mail;
expanding the lodging tax imposition authority for St. Paul to include related
services

ARTICLE 5 - MISCELLANEOUS

Modifying certain warrant issuance
requirements by the commissioner of management and budget (MMB) to the public
employees retirement association (PERA) on behalf of a municipality or
independent nonprofit firefighting corporation; providing for application for
business registration; authorizing the rounding of dollar amounts reported on
tax forms; modifying certain third party subpoena provisions; providing for
credit of payment to delinquent tax liabilities; modifying certain requirements
for sale of seized property; modifying certain supplemental mortgages
requirements
(je)