HF 4388

as introduced - 91st Legislature (2019 - 2020) Posted on 03/11/2020 11:38am

A bill for an act
relating to taxation; individual income; establishing a subtraction for in-home day
care providers; amending Minnesota Statutes 2018, section 290.0132, by adding
a subdivision.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2018, section 290.0132, is amended by adding a subdivision
to read:

new text begin Subd. 30. new text end

new text begin Subtraction for in-home day care income. new text end

new text begin (a) 20 percent of a taxpayer's
qualified in-home day care income is a subtraction.
new text end

new text begin (b) For the purposes of this subdivision:
new text end

new text begin (1) "in-home day care" means a licensed family day care or group family day care, as
defined in Minnesota Rules, part 9502.0315, subparts 11 and 13;
new text end

new text begin (2) "net earnings from self-employment" has the meaning given in section 1402 of the
Internal Revenue Code; and
new text end

new text begin (3) "qualified in-home day care income" means a taxpayer's net earnings from
self-employment from an in-home day care.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for taxable years beginning after December
31, 2019.
new text end