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MN HF3997
Bill
Status
Introduced
3/5/2026
Primary Sponsor
Mike Wiener
Click for details
AI Summary
- Creates a new "senior subtraction" allowing taxpayers age 65 or older to subtract all income from their Minnesota taxable income
- For married couples filing jointly, the subtraction applies to all joint income if either spouse is 65 or older during the tax year
- "Income" is defined broadly to include adjusted gross income plus any required Minnesota additions under section 290.0131
- Effective for taxable years beginning after December 31, 2025
- Amends Minnesota Statutes 2024, section 290.0132 by adding subdivision 40
Legislative Description
Individual income tax subtraction for income earned by senior taxpayers established.
Last Action
Author added Roach
3/9/2026
Committee Referrals
Taxes3/5/2026
Full Bill Text
No bill text available