MN SF1923

Expands the definition of qualified higher education expenses under section 529 qualified tuition plans to include apprenticeship expenses, certain student loan repayment, and elementary and secondary school tuition.

Amends Minnesota Statutes section 290.0111, subdivision 2, to incorporate sections 301 and 302 of the Setting Every Community Up for Retirement Enhancement Act of 2019 into the Internal Revenue Code definition.

Modifies section 290.06, subdivision 2h, to define "qualified higher education expenses" as those under section 529(e)(3) of the Internal Revenue Code, excluding section 529(c)(7) limitations.

Repeals Minnesota Statutes section 290.0131, subdivision 15, which previously required an addition to taxable income for distributions used for elementary and secondary school tuition expenses.

All provisions are effective for taxable years beginning after December 31, 2022.