MN SF2056

Amends Minnesota Statutes section 290A.03, subdivision 3, to modify how "income" is calculated for property tax refund eligibility

Removes net operating loss carryforward from reducing federal adjusted gross income when calculating income for property tax refund purposes

Adds net operating loss carryforward allowed under IRC section 172(b)(1)(A)(ii)(II) as a new exclusion from the definition of "income"

Effective for property tax refund claims based on taxes payable in 2025 and thereafter