MN SF105

Excludes distributions from Roth-style retirement accounts (Roth IRAs and designated Roth 401(k)/403(b)/457 accounts) from the income calculation used to determine property tax refund eligibility

Removes Roth-style accounts from the definition of "traditional or Roth style retirement account," creating a separate category with distinct treatment

Adds a new definition for "Roth style retirement account or plan" covering IRC Section 408A plans and designated Roth contributions in workplace retirement plans

Would allow claimants receiving Roth distributions to potentially qualify for larger property tax refunds by lowering their calculated income

Effective for claims based on property taxes payable in 2025 and following years