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MN SF2514
Bill
Status
3/10/2014
Primary Sponsor
Kari Dziedzic
Click for details
AI Summary
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Amends Minnesota Statutes section 290.01, subdivision 19 to conform state tax law to federal tax law regarding qualified tuition and related expenses deductions for tax year 2013.
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Extends the above-the-line deduction for qualified tuition and related expenses under Public Law 112-240, section 207 for taxable years beginning after December 31, 2012 and before January 1, 2014.
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Makes the deduction effective at the same time it becomes effective for federal income tax purposes.
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Applies retroactively for taxable years beginning after December 31, 2012.
Legislative Description
Federal conformity of individual income tax and corporate franchise taxes; qualified tuition and related expenses for tax year 2013 deductions extension
Last Action
Referred to Taxes
3/10/2014