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Capital IconMinnesota Legislature

Legislative Session number- 81

Bill Name: SF2126

Relating to taxation; requiring the attorney general upon accepting an offer to
compromise a tax debt to notify the taxpayer of the compromise and the
commissioner of revenue to notify the taxpayer of the release of related liens;
excluding from taxable income gains realized on contract for deed terminations,
mortgage foreclosures or deeds in lieu of foreclosure on real or personal
property used in a farm business owned and operated by the taxpayer under
certain conditions (ra)