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MN SF416

Bill

Official Source

Status

Introduced

1/19/2023

Primary Sponsor

Jeff Howe

Click for details

Origin

Senate

93rd Legislature 2023-2024

AI Summary

  • Amends Minnesota Statutes 2022, section 290.0132, subdivision 26 to provide a full subtraction of taxable Social Security benefits for veterans and surviving spouses.

  • Veterans and surviving spouses of veterans are allowed to subtract the full amount of taxable Social Security benefits received during the taxable year, regardless of income thresholds or maximum subtraction limits.

  • Defines "veteran" according to Minnesota Statutes section 197.447.

  • The provision is effective for taxable years beginning after December 31, 2023.

Legislative Description

Full subtraction of taxable Social Security benefits provision for veterans and surviving spouses

Last Action

Referred to Taxes

1/19/2023

Committee Referrals

Taxes1/19/2023

Full Bill Text

No bill text available