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MN SF2345

Bill

Status

Introduced

3/1/2023

Primary Sponsor

Steve Drazkowski

Click for details

Origin

Senate

93rd Legislature 2023-2024

AI Summary

  • Allows individuals to subtract certain unemployment compensation received in 2021 from Minnesota state income tax calculations.

  • Applies specifically to unemployment compensation resulting from a Minnesota Court of Appeals decision (956 N.W. 2d 1, filed February 22, 2021).

  • Creates a tax subtraction under Minnesota Statutes section 290.0132, subdivision 1.

  • Applies retroactively to taxable years beginning after December 31, 2020, and before January 1, 2022.

Legislative Description

2021 unemployment compensation income tax subtraction authorization

Last Action

Referred to Taxes

3/1/2023

Committee Referrals

Taxes3/1/2023

Full Bill Text

No bill text available