MN SF3412

Adds a new income tax subtraction for wage income paid after the death of a public safety officer killed in the line of duty, including accrued sick or vacation leave paid to beneficiaries.

Defines "public safety officer" according to section 299A.41, subdivision 4, and "killed in the line of duty" according to section 299A.41, subdivision 3.

Applies the subtraction to wages paid by the state or local government for performance of public safety officer duties.

Makes the subtraction effective for taxable years beginning after December 31, 2009.

Amends Minnesota Statutes sections 290.01, subdivision 19b, and 290.091, subdivision 2 to include the new subtraction in both regular income tax and alternative minimum tax calculations.