MN HF3885

Increases the maximum computer and internet expenses from $200 to $300 per family under the Minnesota education credit for kindergarten through grade 12 students.

Raises the adjusted gross income threshold for eligibility from $33,500 to $70,000, allowing more families to qualify for the credit.

Maintains the credit amount at 75 percent of education-related expenses, with a maximum of $1,000 per child multiplied by the number of qualifying children.

Repeals subdivision 2a of the existing statute that defined "income" for purposes of calculating the education credit.

Changes are effective for taxable years beginning after December 31, 2021, with the income threshold subject to annual adjustment by the commissioner beginning in 2022.