HF 890

as introduced - 91st Legislature (2019 - 2020) Posted on 02/07/2019 02:05pm

A bill for an act
relating to taxation; individual income; providing a refundable veterans nursing
home tax credit; proposing coding for new law in Minnesota Statutes, chapter 290.

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

Section 1.

new text begin [290.0683] VETERANS NURSING HOME CREDIT.
new text end

new text begin Subdivision 1. new text end

new text begin Credit allowed. new text end

new text begin (a) An eligible veteran or other individual who pays for
the eligible veteran to live in a nursing home is allowed a credit against the tax due under
this chapter. The credit equals 50 percent of the amount the individual paid for each qualified
month in which the eligible veteran lived in a nursing home. The maximum credit is $30,000
for married couples filing separate returns, and $60,000 for all other filers.
new text end

new text begin (b) For a part-year resident, the credit must be allocated based on the percentage
calculated under section 290.06, subdivision 2c, paragraph (e).
new text end

new text begin Subd. 2. new text end

new text begin Definitions. new text end

new text begin (a) For purposes of this section, the following terms have the
meanings given.
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new text begin (b) "Eligible veteran" means a Minnesota resident who:
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new text begin (1) meets the definition of veteran provided in section 197.447;
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new text begin (2) meets the eligibility requirements to reside in a Minnesota veterans home as provided
in section 198.01; and
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new text begin (3) has applied for admission to one or more Minnesota veterans homes and is on an
active waiting list.
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new text begin Eligible veteran does not include an individual who has been offered and declined placement
in a Minnesota veterans home.
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new text begin (c) "Nursing home" has the meaning given in section 144A.01, subdivision 5.
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new text begin (d) "Qualified month" means a month in which the eligible veteran does not receive
medical assistance under chapter 256B.
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new text begin Subd. 3. new text end

new text begin Credit refundable. new text end

new text begin If the amount of credit which the claimant is eligible to
receive under this section exceeds the claimant's tax liability under this chapter, the
commissioner shall refund the excess to the claimant.
new text end

new text begin Subd. 4. new text end

new text begin Appropriation. new text end

new text begin An amount sufficient to pay the refunds required by this section
is appropriated from the general fund to the commissioner.
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new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for taxable years beginning after December
31, 2018.
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