1.1 	A bill for an act
1.2 	relating to taxation; income; increasing amount of education credit;amending 
1.3 	Minnesota Statutes 2008, section 290.0674, subdivision 2.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. Minnesota Statutes 2008, section 290.0674, subdivision 2, is amended to 
1.6 	read:
1.7 		Subd. 2.Limitations. (a) For claimants with income not greater than $33,500, 
1.8 	the maximum credit allowed for a family is $1,000 $5,000 multiplied by the number of 
1.9 	qualifying children in kindergarten through grade 12 in the family. The maximum credit 
1.10 	for families with one qualifying child in kindergarten through grade 12 is reduced by $1 
1.11 	for each $4 of household income over $33,500, and the maximum credit for families with 
1.12 	two or more qualifying children in kindergarten through grade 12 is reduced by $2 for 
1.13 	each $4 of household income over $33,500, but in no case is the credit less than zero.
1.14 	For purposes of this section "income" has the meaning given in section 290.067, 
1.15 	subdivision 2a. In the case of a married claimant, a credit is not allowed unless a joint 
1.16 	income tax return is filed.
1.17 	(b) For a nonresident or part-year resident, the credit determined under subdivision 1 
1.18 	and the maximum credit amount in paragraph (a) must be allocated using the percentage 
1.19 	calculated in section 290.06, subdivision 2c, paragraph (e).

1.20 	EFFECTIVE DATE. This section is effective for taxable years beginning after 
1.21 	December 31, 2009.