MN SF59

Expands the education expense credit and deduction under Minnesota tax law to include prekindergarten educational program expenses for qualifying children.

Increases the maximum education expense subtraction to $1,625 per qualifying child in a prekindergarten educational program or kindergarten through grade 6 (previously did not include prekindergarten).

Allows a 75 percent tax credit against income tax for education-related expenses paid for qualifying children in prekindergarten educational programs or kindergarten through grade 12.

Defines "prekindergarten educational program" as programs with quality ratings from the Department of Human Services, including school district prekindergarten programs, accredited preschools and early childhood development programs, Montessori programs, and licensed family day care provider programs.

Makes provisions effective for taxable years beginning after December 31, 2019.