MN SF3850

Allows individuals a $2,000 income tax credit for each stillbirth for which a certificate of birth resulting in stillbirth has been issued under Minnesota law.

Credit is only available in the taxable year the stillbirth occurred and only if the child would have been a dependent under the Internal Revenue Code.

Requires individuals whose stillbirth occurred in another state to provide documentation from that state equivalent to a Minnesota certificate of birth resulting in stillbirth, with the tax commissioner consulting the health commissioner to verify sufficiency.

For nonresidents and part-year residents, the credit must be allocated based on the percentage calculated under existing Minnesota tax residency rules.

Effective retroactively for taxable years beginning after December 31, 2015.