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Corporation Franchise Tax

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Corporation Franchise Tax applies to companies that file annual federal income tax returns as C corporations and meet at least one of the following:

  • Located in Minnesota
  • Have a business presence in Minnesota
  • Have Minnesota gross income

Federal Tax Changes Update
We're updating Minnesota tax forms and instructions to reflect federal tax changes made by the 2025 Tax Budget and Reconciliation Bill (H.R. 1). For details, go to 2025 Federal Nonconformity for Income Tax.

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