MN SF4049

Creates a state income tax subtraction for unreimbursed employee expenses as defined under federal Internal Revenue Code section 62(a)(2), items (A) and (B).

Applies only during years when the federal deduction for certain trade and business expenses of employees is suspended under IRC section 67(g).

Effective for taxable years beginning after December 31, 2017.

Amends Minnesota Statutes 2016, section 290.0132, by adding subdivision 27.