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MN SF1643

Bill

Official Source

Status

Introduced

2/2/2012

Primary Sponsor

James Carlson

Click for details

Origin

Senate

87th Legislature 2011-2012

AI Summary

  • Modifies the definition of "qualified individual" for Minnesota's military service tax credit to expand eligibility beyond the existing criteria
  • Adds eligibility for individuals determined by the military to be eligible for federal pension or retirement pay under U.S. Code title 10, sections 1401 to 1414, 1447 to 1455, or 12733
  • Maintains existing eligibility pathways: individuals with at least 20 years of military service or those with a 100 percent service-connected disability rating for total and permanent disability
  • Requires all qualified individuals to have separated from military service before the end of the taxable year
  • Effective for taxable years beginning after December 31, 2010

Legislative Description

Income tax credit for past military service eligibility modification

Last Action

Comm report: To pass and re-referred to Taxes

3/8/2012

Committee Referrals

Taxes3/8/2012
State Government Innovation and Veterans2/2/2012

Full Bill Text

No bill text available