MN SF211

Creates a new Minnesota income tax subtraction for federal pension and retirement pay received for service in the U.S. Foreign Service under 22 U.S.C. § 4071

Subtraction amount is calculated by multiplying the foreign service pension income by the ratio of foreign service years to total civil service years for which the taxpayer receives pension income

Adds the foreign service pension subtraction to the list of amounts that reduce alternative minimum taxable income

Effective for taxable years beginning after December 31, 2024