SF 4903

Introduction - 94th Legislature (2025 - 2026)

Posted on 03/27/2026 09:21 a.m.

A bill for an act
relating to taxation; individual income; establishing a subtraction for volunteer
firefighter pension income; 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 Volunteer firefighter pensions. new text end

new text begin (a) The amount of volunteer firefighter
pension income is a subtraction.
new text end

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

new text begin (1) "volunteer firefighter" means a volunteer firefighter as defined in section 424A.001,
subdivision 10; a paid on-call firefighter as defined in section 424A.001, subdivision 10a;
or a volunteer firefighter as defined in section 353G.01, subdivision 15; and
new text end

new text begin (2) "volunteer firefighter pension income" means annuity income or a lump-sum payment
from a public retirement plan based on service as a volunteer firefighter.
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