MN SF3995

Amends Minnesota Statutes section 290A.03, subdivision 3, to modify the definition of income for the property tax refund program.

Adds qualified charitable distributions under Internal Revenue Code section 408(d)(8) to the list of amounts excluded from income, allowing individuals to exclude such distributions from traditional or Roth retirement accounts.

Clarifies that qualified charitable distributions received by claimants or spouses from retirement accounts are not counted as income for property tax refund eligibility purposes.

Effective for refund claims based on property taxes payable in 2022 and rent paid in 2021 and thereafter.