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Last Updated: 12/17/2014

What's new for Corporation Franchise Tax for 2015?

Minimum Fee Indexed for Inflation

Legislation passed in 2013 indexed the minimum fee brackets and amounts for inflation for the first time since it was enacted in 1990. The legislation also requires that the amounts be indexed for inflation each year going forward. The brackets and amounts for 2015 are:
 
​​If your total Minnesota property, payroll and sales is: ​​Your minimum fee is:
​Less than $960,000 ​​$0
​$960,000 to $1,929,999 ​$200
​​$1,930,000 to $9,649,999 ​$580
​$9,650,000 to $19,299,999 ​$1,930
​​$19,300,000 to $38,589,999 ​​$3,860
​$38,590,000 or more ​​$9,650