MN HF4686

Allows individuals a $2,000 tax credit for each stillbirth documented by a Minnesota certificate of birth resulting in stillbirth or an equivalent certificate from another state or country.

Credit is available only in the taxable year when the stillbirth occurred and only if the child would have qualified as a dependent under Internal Revenue Code section 152.

For nonresidents or part-year residents, the credit must be allocated based on the percentage calculated under Minnesota Statutes section 290.06, subdivision 2c, paragraph (e).

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