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MN SF4639
Bill
Status
Introduced
3/7/2024
Primary Sponsor
Nathan Wesenberg
Click for details
AI Summary
- Creates a school instruction tax credit for Minnesota resident taxpayers with qualifying children in kindergarten through grade 12
- Credit amount equals the formula allowance under section 126C.10, subdivision 2, multiplied by the number of qualifying children
- Qualifying children must meet Internal Revenue Code section 32(c)(3) requirements and receive instruction from Minnesota schools other than public schools as of January 1 of the taxable year
- Effective for taxable years beginning after December 31, 2023
- Adds new section 290.0696 to Minnesota Statutes, chapter 290
Legislative Description
Credit provision for certain instructional expenses
Last Action
Referred to Taxes
3/7/2024
Committee Referrals
Taxes3/7/2024
Full Bill Text
No bill text available