Omnibus Tax Bill

This bill makes numerous changes to Minnesota's tax laws, affecting individual income tax, corporate franchise tax, property tax, sales and use tax, and excise taxes. It includes provisions for federal conformity, modifies various tax credits and exemptions, and establishes new taxes, such as a social media tax and a Hennepin County healthcare tax. The bill also adjusts local government aids, modifies tax increment financing provisions, and appropriates money for various programs. Additionally, it addresses specific tax exemptions for certain construction materials and projects in various cities and counties, and revises property tax classifications and exemptions. The bill also introduces a new tax on amounts acquired through fraud and modifies the allocation of mining tax proceeds.

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