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Department of Revenue technical and policy bill (SF 2997) presented and discussed; committee lays it over
Summary
The Department of Revenue presented a technical and policy omnibus (Senate File 2997) that would clarify film credits, renter's credit calculations, sales-tax sourcing rules and other technical items.
The Minnesota Department of Revenue presented Senate File 2997, its annual technical and policy bill, to the Senate Taxes Committee on April 8. Joanna Behrs, legislative director, and agency attorneys summarized three articles that include changes to film-production credits, renter’s credit calculations, short-line railroad credit caps, and multiple other technical clarifications.
Margaret Reisdorf, an agency attorney, said article 1 includes changes such as allowing eligible taxpayers to compute a 25% film-production credit using any consecutive 12-month period rather than a calendar year and correcting cross-references tied to prior 2023 changes. "This allows more flexibility,…
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