MN SF1850

Modifies the K-12 education credit under Minnesota Statutes section 290.0674 to include admission fees or charges for extracurricular activities authorized under section 123B.36, subdivision 1, paragraph (b), clause (2)

Allows individuals a credit against income tax equal to 75 percent of education-related expenses for qualifying children in kindergarten through grade 12

Expands the definition of "education-related expenses" to include extracurricular activity fees in addition to existing categories: instruction fees, textbooks and materials, computer hardware and software (up to $200 per family), and transportation costs

Effective for taxable years beginning after December 31, 2011