“If nothing changes, the state will tax businesses that took PPP loans as income at the corporate tax rate of 9.8%, which could leave a business that received $500,000 in PPP loans with a roughly $50,000 tax bill.  After Minnesota projected a $1.6 billion budget surplus for the next two years, Republicans in a Monday press conference said the state taxing the Paycheck Protection Program (PPP) loans is “unconscionable.”"

https://alphanewsmn.com/senators-speak-out-against-minnesotas-unconscionable-tax-on-ppp-loans/