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MN SF722
Bill
Status
Introduced
1/27/2025
Primary Sponsor
Eric Lucero
Click for details
AI Summary
- Creates a new Minnesota income tax subtraction for health insurance premiums paid by individuals, as defined under IRC section 213(d)(1)(D)
- Excludes from the subtraction any premium amounts already used to calculate the existing health insurance credit under section 290.0672
- Adds the health insurance premium subtraction to the list of amounts that reduce alternative minimum taxable income
- Effective for taxable years beginning after December 31, 2024
Legislative Description
Subtraction provision for health insurance premiums
Last Action
Author stricken Eichorn
3/24/2025
Committee Referrals
Taxes1/27/2025
Full Bill Text
No bill text available