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MN SF589

Bill

Official Source

Status

Introduced

1/27/2025

Primary Sponsor

Torrey Westrom

Click for details

Origin

Senate

94th Legislature 2025-2026

AI Summary

  • Creates a Minnesota individual income tax subtraction for overtime pay, allowing workers to exclude overtime earnings from state taxable income

  • Defines overtime pay as wages, salaries, tips, and other compensation earned for hours worked beyond the maximum workweek under Minnesota Chapter 177 or federal Fair Labor Standards Act (29 U.S.C. § 207)

  • Amends Minnesota Statutes 2024, section 290.0132 by adding subdivision 36

  • Effective for taxable years beginning after December 31, 2024

Legislative Description

Overtime pay income tax subtraction provision

Last Action

Referred to Taxes

1/27/2025

Committee Referrals

Taxes1/27/2025

Full Bill Text

No bill text available