Loading chat...

MN HF3754

Bill

Official Source

Status

Introduced

2/26/2026

Primary Sponsor

Jim Joy

Click for details

Origin

House of Representatives

94th Legislature 2025-2026

AI Summary

  • Amends Minnesota Statutes section 290.01, subdivision 31 to conform state tax law with federal provision section 70204 of Public Law 119-21
  • Excludes employer contributions to "Trump accounts" from gross income for Minnesota individual income tax purposes, matching the federal tax treatment
  • Updates Minnesota's Internal Revenue Code reference date from May 1, 2023 to include this specific federal provision
  • Effective the day following final enactment, with federal conformity changes applied retroactively to match federal effective dates
  • Authored by Representatives Joy, Davids, Knudsen, Olson, and Sexton; referred to House Committee on Taxes on 02/26/2026

Legislative Description

Internal Revenue Code conformed to the federal exclusion from gross income for employer contributions to Trump accounts.

Last Action

Authors added Allen and Van Binsbergen

3/5/2026

Committee Referrals

Taxes2/26/2026

Full Bill Text

No bill text available