MN HF4762

Peace officers employed in Minnesota may elect an income tax holiday for taxable years 2022 and 2023, eliminating state income tax liability under Minnesota Statutes sections 290.03 and 290.091 for those years.

Married taxpayers filing jointly are eligible if one or both spouses are peace officers.

Eligible peace officers must be employed for a continuous 12-month period during the taxable year and must certify completion of this employment requirement to the commissioner of revenue within four months after the 12-month period ends.

The commissioner of revenue must refund all estimated tax payments and withheld taxes for tax years covered by the holiday, with funding appropriated from the state general fund.

The holiday does not apply to taxpayers with negative tax liability and is revoked if employment requirements are not met or timely certification is not provided.