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MN HF3993
Bill
Status
3/5/2026
Primary Sponsor
Paul Torkelson
Click for details
AI Summary
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Increases the Minnesota estate tax exclusion amount from $3,000,000 to $4,000,000 for estates of decedents dying after December 31, 2025
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Raises the threshold for filing a Minnesota estate tax return from $3,000,000 to $4,000,000
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Increases the combined exclusion cap for qualified small business and farm property from $5,000,000 to $6,000,000
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Removes outdated phase-in language from statute that referenced exclusion amounts for years 2014-2020, replacing with a single $4,000,000 threshold
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Authored by Representative Torkelson and referred to the House Committee on Taxes on March 5, 2026
Legislative Description
Amount excluded from the Minnesota taxable estate increased, and conforming changes made.
Last Action
Introduction and first reading, referred to Taxes
3/5/2026