On May 30, 2019, Minnesota passed an omnibus tax bill in a special session of the Minnesota Legislature. This tax bill made changes to the state’s conformity date to adopt changes to the Federal Tax Cuts Act and the Bipartisan Budget Act of 2018. This bill has a wide range of impacts to individual and business returns. Some of these changes include:

  • IRC Conformity
  • Starting point for calculating individual income taxes changed
  • Changes to Depreciation

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