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SF 3311

Corporate franchise tax rate contingent increase authorization

2025-2026 Regular Session Introduced by Liz Boldon and 3 co-sponsors

Minnesota bill authorizes a contingent corporate franchise tax rate increase to boost state revenue, subject to unspecified triggering conditions.

Author stricken Port
#taxation #taxation-corporate
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Bill Summary · SF 3311

Legislative bill overview

SF 3311 authorizes a contingent increase to Minnesota's corporate franchise tax rate, though specific rate details are not provided in the available bill information. The measure was introduced in April 2025 and is currently under review by the House Taxes Committee. A procedural note indicates an author was stricken from the bill on April 23, 2025.

Why is this important

Corporate tax rates directly affect business operating costs and state revenue. Minnesota's competitiveness relative to neighboring states depends partly on its tax structure, making this proposal relevant to both business investment decisions and the state's budget outlook. The bill's contingent structure suggests the tax increase would only trigger under specific conditions.

Potential points of contention

  • Business competitiveness concerns: Higher corporate taxes could affect Minnesota's ability to attract or retain businesses, particularly if neighboring states maintain lower rates
  • Revenue generation vs. economic impact: Debate over whether increased tax revenue justifies potential negative effects on business investment and job growth
  • Contingency conditions unclear: Without knowing what triggers the rate increase, stakeholders cannot fully assess when and how this would apply

Compiled from official sources — confirm details with the bill’s official record.

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