Minnesota SF2780 requires the Department of Revenue to make certain corporate franchise tax information publicly available.

Minnesota SF2780 mandates the Department of Revenue to disclose specific corporate franchise tax information 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 disclosure requirement takes effect for tax years ending after December 31, 2025, with information to be made available starting in the third calendar year following the taxable year.

Minnesota SF2780 requires the Department of Revenue to make certain corporate franchise tax information publicly available.

Minnesota SF2780 mandates the Department of Revenue to disclose specific corporate franchise tax information 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 disclosure requirement takes effect for tax years ending after December 31, 2025, with information to be made available starting in the third calendar year following the taxable year.