What is the recent history of section 179 expensing in Minnesota?
Minnesota conformed to the initial federal increase in section 179 expensing, which was effective for tax years 2003 through 2005. In those years, businesses could claim the same amount under the Minnesota tax as they could under the federal tax. In the 2005, 2006, and 2008 legislative sessions, the legislature elected not to conform to the higher federal section 179 allowances.
