MN SF2673

Repeals Minnesota Statutes section 290.0661, subdivisions 8 and 9, which allow taxpayers to elect to receive advance payments of the Minnesota child tax credit throughout the year rather than as a lump sum at tax filing time

Eliminates the "minimum credit" provision that guaranteed taxpayers who received advance payments at least 50% of their prior year's child tax credit amount

Removes the requirement that taxpayers who elected advance child tax credit payments must file a Minnesota income tax return regardless of income level

Effective for taxable years beginning after December 31, 2025