S.F. No. 4552 Summary

• Amends Minnesota Statutes section 290.0674 to expand eligible expenses under the Minnesota education credit for individual income tax purposes.

• Adds a new definition of "career and technical education program" as a program providing coherent, rigorous content aligned with academic standards and technical skills needed for further education and careers, resulting in industry-recognized credentials or certificates/diplomas/associate degrees.

• Expands education-related expenses for students in career and technical education programs to include transportation outside regular school hours directly related to program participation and equipment required for program participation.

• Adds expenses for student organization participation that is part of the program curriculum as eligible education-related expenses for career and technical education program participants.

• Effective for taxable years beginning after December 31, 2023.