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MN HF3999

Bill

Official Source

Status

Introduced

3/5/2026

Primary Sponsor

Mike Wiener

Click for details

Origin

House of Representatives

94th Legislature 2025-2026

AI Summary

  • Creates a new Minnesota income tax subtraction allowing taxpayers with three or more dependents age 17 or younger to subtract their entire income from state taxable income
  • Dependents must qualify for an exemption under Minnesota Statutes section 290.0121
  • "Income" includes adjusted gross income plus any required 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 taxpayers with three or more children established.

Last Action

Introduction and first reading, referred to Taxes

3/5/2026

Committee Referrals

Taxes3/5/2026

Full Bill Text

No bill text available