HF 56 Summary

• Modifies the K-12 education expense subtraction under Minnesota Statutes section 290.0132 to exclude tuition and fees paid to qualifying schools, effective for taxable years beginning after December 31, 2019.

• Replaces the specific income threshold of $33,500 with a reference to the "income eligibility guideline" based on federal reduced-price lunch income limits as of July 1 of the taxable year for the K-12 education credit under section 290.0674.

• Restructures the definition of "education-related expenses" to replace "qualifying instructional fees or tuition" with more specific categories including tutoring, driver's education, and supplemental summer camps that assist with core curriculum or world language skills.

• Repeals Minnesota Statutes 2018, section 290.0674, subdivision 2a, which previously defined "income" for purposes of the education credit, consolidating income definitions under the amended subdivision 2.

• All changes are effective for taxable years beginning after December 31, 2019.