HF 495

Introduction - 94th Legislature (2025 - 2026)

Posted on 02/13/2025 02:43 p.m.

A bill for an act
relating to taxation; individual income; providing a subtraction for day care costs
paid by the taxpayer; amending Minnesota Statutes 2024, section 290.0132, by
adding a subdivision.

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

Section 1.

Minnesota Statutes 2024, section 290.0132, is amended by adding a subdivision
to read:

new text begin Subd. 36. new text end

new text begin Day care costs. new text end

new text begin (a) The amount of day care costs is a subtraction.
new text end

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

new text begin (1) "day care costs" means the amount a taxpayer paid to a licensed child care program
for child care in the taxable year; and
new text end

new text begin (2) "licensed child care program" means a child care center or family or group family
child care licensed under chapter 142B.
new text end

new text begin (c) The subtraction under this subdivision is limited to the amount paid in excess of the
amount of dependent care assistance the taxpayer excluded from gross income under section
129 of the Internal Revenue Code.
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, 2024.
new text end