MN HF1237

Expands the education subtraction under Minnesota income tax to include broadband subscription expenses for students in kindergarten through grade 12, allowing subtraction amounts of up to $1,625 for grades K-6 and $2,500 for grades 7-12.

Removes the $200 per family maximum expense limit for personal computer hardware and educational software, and adds related broadband subscription services as eligible expenses for the education credit (75 percent reimbursement).

Provides a sales tax exemption for broadband subscription services when prescribed by schools, colleges, universities, or private career schools and required as a condition of enrollment in conjunction with a course of study.

Effective for income tax purposes for taxable years beginning after December 31, 2010, and for sales tax purposes for transactions occurring after June 30, 2011.