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MN SF4618
Bill
Status
Introduced
5/15/2020
Primary Sponsor
Bill Weber
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AI Summary
- Allows individual taxpayers a $2,000 tax credit for each stillbirth documented by a Minnesota certificate of birth resulting in stillbirth under section 144.2151
- Extends credit eligibility to stillbirths occurring in another state or country if a similar certificate documents the stillbirth under that jurisdiction's law
- Credit is only available in the taxable year when the stillbirth occurred and requires the child would have qualified as a dependent under Internal Revenue Code section 152
- For nonresident 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
Legislative Description
Income tax credit for parents of stillborn children modification
Last Action
Referred to Taxes
5/15/2020
Committee Referrals
Taxes5/15/2020
Full Bill Text
No bill text available