HF 3999

Introduction - 94th Legislature (2025 - 2026)

Posted on 03/05/2026 02:06 p.m.

A bill for an act
relating to taxation; individual income; establishing a subtraction for income earned
by taxpayers with three or more children; 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. 40. new text end

new text begin Subtraction for taxpayers with three or more children. new text end

new text begin (a) For a taxpayer
who had three or more dependents who attained the age of 17 or younger in the taxable
year, the amount of income received by the taxpayer is a subtraction.
new text end

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

new text begin (1) "dependent" means a dependent who qualifies for an exemption under section
290.0121; and
new text end

new text begin (2) "income" means any income included in adjusted gross income or any amount
required to be added to adjusted gross income under section 290.0131.
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, 2025.
new text end