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MN SF1792
Bill
Status
Introduced
2/24/2025
Primary Sponsor
Jeff Howe
Click for details
AI Summary
- Licensed family child care providers may subtract all income earned from their licensed child care work from Minnesota state taxable income
- Providers must be licensed under Minnesota Statutes chapter 142B and Minnesota Rules chapter 9502 to qualify for the subtraction
- The subtraction also applies when calculating alternative minimum taxable income, preventing the benefit from being reduced by AMT
- Effective for taxable years beginning after December 31, 2024
Legislative Description
Certain family child care providers income subtraction provision
Last Action
Referred to Taxes
2/24/2025
Committee Referrals
Taxes2/24/2025
Full Bill Text
No bill text available