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MN HF199
Bill
Status
Introduced
1/17/2019
Primary Sponsor
Dean Urdahl
Click for details
AI Summary
- Allows secondary school teachers teaching concurrent enrollment courses to claim a refundable income tax credit equal to qualifying expenses paid, up to $2,500.
- Defines qualifying expenses as tuition and fees included in federal taxable income paid for postsecondary courses required to teach authorized concurrent enrollment courses.
- Makes the credit refundable, meaning the commissioner of revenue must refund any excess credit amount that exceeds the teacher's tax liability.
- Allocates the credit for nonresidents and part-year residents based on the percentage calculated under Minnesota Statutes section 290.06, subdivision 2c, paragraph (e).
- Effective for taxable years beginning after December 31, 2018, and before January 1, 2025, with necessary refund amounts appropriated from the general fund.
Legislative Description
Teachers of concurrent enrollment students provided a temporary refundable credit.
Last Action
Author added Bierman
4/1/2019
Committee Referrals
Taxes3/11/2019
Education Policy1/17/2019
Full Bill Text
No bill text available