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Officials outline how expiring TCJA provisions could affect Minnesota tax calculations and PTE tax
Summary
Department of Revenue staff briefed the Senate Taxes Committee on how expiring provisions of the federal Tax Cuts and Jobs Act could affect Minnesota tax calculations, forecasting and the state pass‑through entity tax.
Department of Revenue officials briefed the Senate Taxes Committee on the federal Tax Cuts and Jobs Act (TCJA) provisions that expire at the end of 2025 and the potential effects on Minnesota's tax calculations.
Dan O'Rourke, individual income tax policy supervisor, and Jeremy Ness, Corporate Tax Division policy technical manager, explained that Minnesota uses a static‑date conformity approach tied to the Internal Revenue Code as amended through May 1, 2023, and that many federal rules feed into Minnesota starting points such as Federal adjusted gross income (FAGI) and federal taxable income (FTI).
Why it matters: when federal provisions that affect FAGI or FTI expire or change, Minnesota calculations that rely on those federal starting…
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