Legislative Session number- 81

Bill Name: SF3604

Relating to taxationARTICLE 1- INDIVIDUAL INCOME TAXES Providing an income tax
subtraction for a certain percentage of adjusted net capital gains; reducing
individual income tax rates and adjusting the brackets, providing for certain
inflation adjustments; reducing the alternative minimum tax rate; repealing the
marriage penalty credit ARTICLE 2 PROPERTY TAXESReducing the property tax
classification rates for certain commercial industrial and apartment property
and modifying the education homestead creditARTICLE 3 - MINNESOTACARECreating a
MinnesotaCare subsidized health insurance account in the general fund, requiring
the commissioner of finance to credit to the account tobacco settlement payments
received by the state, restricting use of money in the account to expenditures
associated with the MinnesotaCare program and crediting investment earnings to
the account; requiring the commissioner to transfer money in the health care
access fund to the MinnesotaCare subsidized health insurance account by a
certain date; repealing the insurance company gross premium and MinnesotaCare
provider taxes and the health care access fund (ra)