Minnesota SF88 limits tax assessments for individual income, corporate franchise, and sales and use taxes.

Minnesota SF88 introduces a limitation on the assessment authority of the commissioner for individual income, corporate franchise, and sales and use taxes. The bill stipulates that additional tax cannot be assessed if the taxpayer was given erroneous advice in writing by a department employee acting in an official capacity, provided the advice was reasonably relied upon and included in a tax order.

Minnesota SF88 limits tax assessments for individual income, corporate franchise, and sales and use taxes.

Minnesota SF88 introduces a limitation on the assessment authority of the commissioner for individual income, corporate franchise, and sales and use taxes. The bill stipulates that additional tax cannot be assessed if the taxpayer was given erroneous advice in writing by a department employee acting in an official capacity, provided the advice was reasonably relied upon and included in a tax order.