MN HF3707

Establishes a new income tax subtraction for parents of stillborn children under Minnesota Statutes section 290.01, subdivision 19b, clause (22)

Allows taxpayers to subtract an amount equal to $...... (dollar amount left blank in bill) for each birth resulting in stillbirth, with a certificate of birth issued under section 144.2151

Subtraction is only available in the taxable year in which the stillbirth occurred and only if the child would have been a dependent of the taxpayer

Amends section 290.091, subdivision 2, to include the stillborn child subtraction in the calculation of alternative minimum taxable income for purposes of Minnesota's minimum tax

Effective for taxable years beginning after December 31, 2015