1.1 	A bill for an act
1.2 	relating to taxation; individual income; establishing a subtraction for income earned 
1.3 	by taxpayers with three or more children;amending Minnesota Statutes 2024, 
1.4 	section 290.0132, by adding a subdivision.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. Minnesota Statutes 2024, section 290.0132, is amended by adding a subdivision 
1.7 	to read:
1.8 		Subd. 40.Subtraction for taxpayers with three or more children. (a) For a taxpayer 
1.9 	who had three or more dependents who attained the age of 17 or younger in the taxable 
1.10 	year, the amount of income received by the taxpayer is a subtraction.
1.11 	(b) For the purposes of this subdivision:
1.12 	(1) "dependent" means a dependent who qualifies for an exemption under section 
1.13 	290.0121; and
1.14 	(2) "income" means any income included in adjusted gross income or any amount 
1.15 	required to be added to adjusted gross income under section 290.0131.

1.16 	EFFECTIVE DATE. This section is effective for taxable years beginning after December 
1.17 	31, 2025.