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MN HF3464

Bill

Official Source

Status

Introduced

3/8/2018

Primary Sponsor

Gregory Davids

Click for details

Origin

House of Representatives

90th Legislature 2017-2018

AI Summary

  • Modifies Minnesota Statutes section 290.0132, subdivision 7, regarding the charitable contribution subtraction for non-itemizing taxpayers
  • Changes the subtraction from 50 percent of charitable contributions exceeding $500 to the total amount of charitable contributions allowable as a deduction under Internal Revenue Code section 170(a)
  • Removes the $500 threshold requirement, making all qualifying charitable contributions eligible for the subtraction
  • Effective for taxable years beginning after December 31, 2017
  • Applies only to individuals who do not itemize deductions for federal income tax purposes

Legislative Description

Charitable contribution subtraction for taxpayers who do not itemize modified.

Last Action

Author added Layman.

4/24/2018

Committee Referrals

Taxes3/8/2018

Full Bill Text

No bill text available