MN HF3672

Increases the individual income tax credit for past military service from $750 to $1,000 for qualified veterans.

Raises the income threshold for the credit reduction from $30,000 to $50,000, allowing higher-income veterans to claim the full credit.

Expands eligibility to veterans with a 40 percent service-connected disability rating (reduced from 100 percent requirement for total and permanent disability).

Applies retroactively to taxable years beginning after December 31, 2017.

Establishes measurement standard for effectiveness as the percentage of eligible veterans who claim the credit.