Minnesota HF3816 aligns state tax laws with federal changes regarding expensing research expenditures.
Minnesota HF3816 amends state tax laws to conform with federal changes that allow full expensing of domestic research and experimental expenditures. This update ensures that state tax regulations align with recent federal tax code modifications, specifically Public Law 119-21, section 70302. The changes are effective retroactively to the date they were implemented at the federal level.
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