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MN HF4525

Bill

Official Source

Status

Introduced

5/17/2018

Primary Sponsor

Matt Bliss

Click for details

Origin

House of Representatives

90th Legislature 2017-2018

AI Summary

  • Adds a new subtraction to Minnesota individual income tax law for employer-provided student loan repayment assistance
  • Allows employees to subtract amounts their employers pay toward principal or interest on qualified education loans as defined in Internal Revenue Code section 221(d)(1)
  • Applies to payments made by employers directly to employees or to lenders on behalf of employees
  • Effective for taxable years beginning after December 31, 2017
  • Amends Minnesota Statutes 2016, section 290.0132 by adding subdivision 27

Legislative Description

Subtraction for employer student loan repayment assistance provided.

Last Action

Introduction and first reading, referred to Taxes

5/17/2018

Committee Referrals

Taxes5/17/2018

Full Bill Text

No bill text available