Minnesota § 290.993 SPECIAL LIMITED ADJUSTMENT

Minnesota Statutes

§ 290.993 — SPECIAL LIMITED ADJUSTMENT

Minnesota § 290.993

PartVARIOUS STATE TAXES AND PROGRAMS

Ch. 290INCOME AND FRANCHISE TAXES

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Bluebook

Minn. Stat. § 290.993 (2026).

Text

(a)For an individual, estate, or trust, or a partnership that elects to file a composite return under section289A.08, subdivision7, for taxable years beginning after December 31, 2017, and before January 1, 2019, the following special rules apply:

(1)an individual income taxpayer may:

(i)take the standard deduction; or (ii) make an election under section 63(e) of the Internal Revenue Code to itemize, for Minnesota individual income tax purposes, regardless of the choice made on their federal return; and

(2)there is an adjustment to tax equal to the difference between the tax calculated under this chapter using the Internal Revenue Code as amended through December 16, 2016, and the tax calculated under this chapter using the Internal Revenue Code amended through December 31, 2018, befor

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(a) For an individual, estate, or trust, or a partnership that elects to file a composite return under section289A.08, subdivision7, for taxable years beginning after December 31, 2017, and before January 1, 2019, the following special rules apply:
(1) an individual income taxpayer may: (i) take the standard deduction; or (ii) make an election under section 63(e) of the Internal Revenue Code to itemize, for Minnesota individual income tax purposes, regardless of the choice made on their federal return; and
(2) there is an adjustment to tax equal to the difference between the tax calculated under this chapter using the Internal Revenue Code as amended through December 16, 2016, and the tax calculated under this chapter using the Internal Revenue Code amended through December 31, 2018, before the application of credits. The end result must be zero additional tax due or refund.
(b) The adjustment in paragraph (a), clause (2), does not apply to any changes due to sections 11012, 13101, 13201, 13202, 13203, 13204, 13205, 13207, 13301, 13302, 13303, 13313, 13502, 13503, 13801, 14101, 14102, 14211 through 14215, and 14501 of Public Law 115-97; and section 40411 of Public Law 115-123.