Always Thinking.

Arnold Palmer once said golf was "deceptively simple and endlessly complicated."

The same can be said for state and local taxes.

Wednesday, December 22, 2010

2010 Changes to Minnesota Corporation Franchise Tax!

Minnesota has released information regarding the main changes impacting the Corporation Franchise Tax for 2010. 

On its site, Minnesota provides details regarding the following changes: 
  • Federal changes not adopted by Minnesota
  • Factor percentages have changed
  • Credit for increasing research activities has expanded
  • Credit for historic structure rehabilitation
  • The filing due date is the same as for filing the federal return
  • Electronic payments
For all of the details, see Minnesota's webpage.

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