MN SF1194

Creates a new individual income tax credit for Minnesota residents with children attending non-public schools (private schools, not public schools) in kindergarten through grade 12

Credit amount equals the state's per-pupil formula allowance multiplied by the number of qualifying children claimed by the taxpayer

Qualifying children must meet federal dependent requirements under IRC section 32(c)(3) and be enrolled in a Minnesota non-public school as of January 1 of the tax year

Effective for taxable years beginning after December 31, 2024