State Pass-Through Entity Tax Updates: September 2023
Cherry Bekaert
SEPTEMBER 21, 2023
Minnesota On July 27, 2023, the Minnesota Department of Revenue issued updated guidance detailing changes to the state’s PTE Tax, beginning in tax year 2023, that were enacted under the legislation House File 1938 in May. Taxpayers affected will automatically have their accounts adjusted to reflect the abated penalty.
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