Omnibus Tax Bill modifies individual income, corporate franchise, sales and use, and gross receipts taxes.

The Omnibus Tax Bill modifies various tax provisions in Minnesota, including individual income, corporate franchise, sales and use, and gross receipts taxes. It introduces a tax on social media platform businesses based on the number of Minnesota consumers from whom data is collected. The bill also imposes a tax on retail sales of firearms and ammunition, and modifies the dependent care credit. Additionally, it establishes the Council on Artificial Intelligence Readiness to analyze AI impacts and allocate funds.

Omnibus Tax Bill modifies individual income, corporate franchise, sales and use, and gross receipts taxes.

The Omnibus Tax Bill modifies various tax provisions in Minnesota, including individual income, corporate franchise, sales and use, and gross receipts taxes. It introduces a tax on social media platform businesses based on the number of Minnesota consumers from whom data is collected. The bill also imposes a tax on retail sales of firearms and ammunition, and modifies the dependent care credit. Additionally, it establishes the Council on Artificial Intelligence Readiness to analyze AI impacts and allocate funds.