Minnesota Employer Transit Pass Credit

Employer Transit Pass Credit
2023 ETP, Employer Transit Pass Credit2023 ETP, Employer Transit Pass Credit
For C corporations, S corporations, partnerships, sole proprietors, fiduciaries and tax-exempt nonprofit organizations.
Name of Employer	

FEIN	

Minnesota Tax ID

You must round amounts
to nearest whole dollar.
	1	 Original cost to employer of passes sold or given to employees  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 1	
	2	 Total amount you charged employees for passes  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 2	
	3	 Subtract line 2 from line 1  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 3	
	4	 Multiply line 3 by 30% (0.30). This is the amount of your credit  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 4	
If you’re a: .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .
C corporation  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .
S corporation  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .
	Partnership  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .
Sole proprietor  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .
	Fiduciary  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .
Tax-exempt organization  .  .  .  .  .  .  .  .  .  .

Include credit on:
Form M4T, line 24
Form M8, line 7*
Form M3, line 6*
Schedule M1C, line 5
	Form M2, line 23 (the credit cannot exceed Form M2, line 14)
Form M4NPI, line 4a

*Remaining credit may be passed through to partners and shareholders.

Instructions
If you purchase transit passes to resell or give to your employees, you may be eligible for this credit.
To qualify:
1. The transit pass must be a pass, token, farecard, voucher or similar item entitling a person to transportation at regular or reduced prices.
2. The transportation must be provided by either one of following:
• public or privately-owned mass transit facility
• a person in the business of transporting people for compensation or hire. The vehicle must have seating capacity for at least six adults,
not including the driver.
3. The passes must be used in Minnesota.
The credit is equal to 30% of the difference between the price you pay for the passes and the price you charge employees. It is not refundable
and can only be applied to your current tax liability.
Enclose this schedule when you file your Minnesota return.

9995

Extracted from PDF file 2023-minnesota-form-etp.pdf, last modified September 2012

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More about the Minnesota Form ETP Other Tax Credit TY 2023

We last updated the Employer Transit Pass Credit in February 2024, so this is the latest version of Form ETP, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form ETP directly from TaxFormFinder. You can print other Minnesota tax forms here.

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Other Minnesota Other Forms:

TaxFormFinder has an additional 95 Minnesota income tax forms that you may need, plus all federal income tax forms.

Form Code	Form Name
Form CRP	Certificate of Rent Paid (for landlord use only)
Form MRT1	Mortgage Registry Tax
Form AMTI	Alternative Minimum Tax Calculation of Income
Form W-4MN	Minnesota Employee Withholding Allowance/Exemption Certificate (Revised 11/14)
Form AFF	Affiliations for Combined Returns

Download all MN tax forms View all 96 Minnesota Income Tax Forms

Form Sources:

Minnesota usually releases forms for the current tax year between January and April. We last updated Minnesota Form ETP from the Department of Revenue in February 2024.

Show Sources >

Form ETP is a Minnesota Other form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

Historical Past-Year Versions of Minnesota Form ETP

We have a total of twelve past-year versions of Form ETP in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:

2023 Form ETP

2023 ETP, Employer Transit Pass Credit

2022 Form ETP

2022 ETP, Employer Transit Pass Credit

2021 Form ETP

2021 ETP, Employer Transit Pass Credit

2020 Form ETP

2020 ETP, Employer Transit Pass Credit

2019 Form ETP

2019 ETP, Employer Transit Pass Credit

2018 Form ETP