Loading chat...
MN HF62
Bill
Status
7/13/2020
Primary Sponsor
Sondra Erickson
Click for details
AI Summary
-
Allows individuals a tax credit equal to 75 percent of education-related expenses paid for qualifying children in kindergarten through grade 12.
-
Expands the definition of "education-related expenses" to include broadband subscription services, limited to $25 per month as part of a maximum $200 per family expense for computer hardware and educational software.
-
Broadband subscription expenses must be for items purchased for use in the taxpayer's home and not used in a trade or business.
-
Maintains existing eligible expenses including instruction fees, textbooks, computer hardware, educational software, and transportation to qualifying schools in Minnesota and surrounding states.
-
Effective for taxable years beginning after December 31, 2019.
Legislative Description
Tax; education-related expense definition expanded for education expense subtraction and credit to include broadband subscription expenses.
Last Action
Introduction and first reading, referred to Taxes
7/13/2020