Minnesota HF162 requires the Department of Revenue to publish certain corporate franchise tax information on a website.

Minnesota HF162 mandates the Department of Revenue to make specific corporate franchise tax information accessible on a website. This includes a corporation's corporate franchise tax return, all related tax forms, and the corporation's identity for state tax purposes. The bill applies to corporations with $250 million or more in annual gross sales or receipts. The information must be published starting in calendar years after December 31, 2025. The bill does not permit the disclosure of federal tax returns or information.

Minnesota HF162 requires the Department of Revenue to publish certain corporate franchise tax information on a website.

Minnesota HF162 mandates the Department of Revenue to make specific corporate franchise tax information accessible on a website. This includes a corporation's corporate franchise tax return, all related tax forms, and the corporation's identity for state tax purposes. The bill applies to corporations with $250 million or more in annual gross sales or receipts. The information must be published starting in calendar years after December 31, 2025. The bill does not permit the disclosure of federal tax returns or information.