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MN HF2499

Bill

Official Source

Status

Introduced

3/17/2025

Primary Sponsor

Liz Lee

Click for details

Origin

House of Representatives

94th Legislature 2025-2026

AI Summary

  • Expands Minnesota's renter's credit income eligibility from a maximum of $75,389 to $143,140 in household income
  • Increases maximum credit amounts across income brackets, with the highest tier rising from $2,640 to $3,500 for lower-income households
  • Adds new income brackets for households earning between $77,570 and $143,139, with maximum credits ranging from $690 to $2,480
  • Adjusts income thresholds upward across all existing brackets (e.g., lowest bracket changes from $0-$6,479 to $0-$6,669)
  • Effective for taxable years beginning after December 31, 2024

Legislative Description

Renter's credit expanded to provide parity with the homestead credit refund.

Last Action

Authors added Kozlowski, Agbaje, Youakim, and Howard

3/12/2026

Committee Referrals

Taxes3/17/2025

Full Bill Text

No bill text available