Loading chat...

MN SF2479

Bill

Official Source

Status

Introduced

3/2/2023

Primary Sponsor

Zach Duckworth

Click for details

Origin

Senate

93rd Legislature 2023-2024

AI Summary

  • Establishes an income tax subtraction for service pension, disability benefits, or survivor benefits received by taxpayers under retirement plans governed under Minnesota chapters 353G or 424A.
  • Applies the subtraction to volunteer firefighters receiving pension benefits from qualifying retirement plans.
  • Effective for taxable years beginning after December 31, 2022.
  • Amends Minnesota Statutes sections 290.0132 and 290.091 to incorporate the volunteer firefighter pension benefits subtraction into alternative minimum taxable income calculations.

Legislative Description

Income tax subtraction establishment volunteer firefighter pension benefits

Last Action

Referred to Taxes

3/2/2023

Committee Referrals

Taxes3/2/2023

Full Bill Text

No bill text available