MN SF3738

Allows Minnesota taxpayers to subtract qualified tip income from their state taxable income, conforming to the federal deduction under Internal Revenue Code section 224

Extends the state subtraction beyond the federal provision's expiration, permitting the deduction for taxable years beginning after December 31, 2028

Applies retroactively to taxable years beginning after December 31, 2024

Amends Minnesota Statutes 2024, section 290.0132, by adding subdivision 40