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Staff briefs committee on business taxes: pass‑through entity tax, apportionment and unitary rules
Summary
House Research explained how Minnesota taxes businesses — differences between corporate franchise and pass‑through taxation, the state’s response to the federal SALT cap, apportionment by sales and unitary group treatment.
House Research staff told the committee that Minnesota taxes business income differently depending on business form and reviewed recently adopted policy responses to federal changes.
Chris Klayman explained that C corporations are taxed at the entity level under the corporate franchise tax (federal form 1120 is the usual starting point), whereas pass‑through businesses (S corporations, partnerships, LLCs, sole proprietorships) are generally taxed under the individual income tax and thus…
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