Minnesota Legislature
HF 4823
as introduced - 93rd Legislature (2023 - 2024) Posted on 03/11/2024 02:16pm
Current Version - as introduced
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A bill for an act
relating to taxation; individual income; allowing 18-year-old children to qualify
for the Minnesota child credit; amending Minnesota Statutes 2023 Supplement,
sections 290.0661, subdivision 1; 290.0671, subdivision 1a.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
Minnesota Statutes 2023 Supplement, section 290.0661, subdivision 1, is
amended to read:
Subdivision 1.
Definitions.
For the purposes of this section, "qualifying child" has the
meaning given in section 32(c) of the Internal Revenue Code, except:
(1) excluding individuals who attained the age of deleted text begin 18deleted text end new text begin 19new text end or greater in the taxable year;
and
(2) section 32(m) of the Internal Revenue Code does not apply.
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective for taxable years beginning after December
31, 2023.
new text end
Sec. 2.
Minnesota Statutes 2023 Supplement, section 290.0671, subdivision 1a, is amended
to read:
Subd. 1a.
Definitions.
For purposes of this section, "qualifying older child" means a
qualifying child, as defined in section 32(c) of the Internal Revenue Code, that attained at
least the age of deleted text begin 18deleted text end new text begin 19new text end in the taxable year. For the purposes of determining a qualifying older
child, section 32(m) of the Internal Revenue Code does not apply.
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective for taxable years beginning after December
31, 2023.
new text end