MN SF3739

Allows Minnesota taxpayers to subtract qualified overtime compensation from their state taxable income, conforming to the federal deduction under Internal Revenue Code section 225

Extends the Minnesota subtraction beyond the federal provision's timeline, permitting the deduction for taxable years beginning after December 31, 2028, regardless of federal limitations

Applies retroactively to taxable years beginning after December 31, 2024

Amends Minnesota Statutes 2024, section 290.0132, by adding subdivision 40 titled "Overtime income"