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MN SF3337

Bill

Official Source

Status

Introduced

5/16/2023

Primary Sponsor

Matt Klein

Click for details

Origin

Senate

93rd Legislature 2023-2024

AI Summary

  • Allows a subtraction from Minnesota taxable income for federal government pension or retirement pay received for service in the foreign service under United States Code, title 22, section 4071.
  • Adds this foreign service retirement pay subtraction as subdivision 34 to Minnesota Statutes section 290.0132.
  • Updates the alternative minimum taxable income definition in Minnesota Statutes section 290.091 to reference the new foreign service pension subtraction.
  • Effective for taxable years beginning after December 31, 2022.

Legislative Description

Providing a subtraction for foreign service retirement pay

Last Action

Referred to Taxes

5/16/2023

Committee Referrals

Taxes5/16/2023

Full Bill Text

No bill text available