MN SF271

Increases the maximum reading tax credit from $2,000 to $3,000 for parents or guardians of children with dyslexia or reading disabilities.

Expands eligibility to include children evaluated by a licensed psychologist, in addition to those evaluated under Minnesota Rules part 3525.1341.

Removes the requirement that children must "not meet the criteria" for a specific learning disability diagnosis to qualify for the credit.

Extends the credit's effective period from taxable years ending before January 1, 2015 to taxable years ending before January 1, 2020.

Applies retroactively to taxable years beginning after December 31, 2013.