MN HF4626

Provides one-time direct payments to eligible Minnesota residents: $500 for single filers or those filing married separate returns, and $1,000 for joint filers or head of household filers.

Eligibility requires residency in Minnesota for any part of 2020 and filing of a 2020 individual income tax return by October 15, 2021, or filing a property tax refund claim by December 31, 2021.

Excludes individuals whose 2020 taxable net income exceeded thresholds: $164,400 (single), $273,470 (married joint), $218,540 (head of household), or $136,735 (married separate).

Payments made automatically by the commissioner of revenue based on tax records; recipients do not need to file a claim and unclaimed funds lapse after two years.

Appropriates necessary funds from the general fund in fiscal year 2022 (available until June 30, 2023) plus $7,752,000 for fiscal year 2022 and $215,000 for fiscal year 2023 for administration costs.