Skip to main content Skip to office menu Skip to footer
Capital IconMinnesota Legislature
Office of the Revisor of Statutes

HF 612

as introduced - 91st Legislature (2019 - 2020) Posted on 01/31/2019 02:24pm

KEY: stricken = removed, old language.
underscored = added, new language.
Version List Authors and Status
Pdf Rtf

Bill Text Versions

Engrossments
Introduction Posted on 01/31/2019

Current Version - as introduced

Line numbers 1.1 1.2 1.3 1.4 1.5
1.6 1.7 1.8 1.9 1.10 1.11 1.12 1.13 1.14 1.15 1.16 1.17 1.18 1.19 1.20
1.21 1.22

A bill for an act
 relating to taxation; individual income; expanding the subtraction for military
retirement pay; amending Minnesota Statutes 2018, section 290.0132, subdivision
21.

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

Section 1.

Minnesota Statutes 2018, section 290.0132, subdivision 21, is amended to read:


Subd. 21.

Military service pension; retirement pay.

new text begin (a)new text end To the extent included in
federal taxable income, compensation received from a pension or other retirement pay from
the federal government for service in the militarydeleted text begin , asdeleted text end new text begin is a subtraction. Only the following
amounts may be subtracted under this subdivision:
new text end

new text begin (1) compensationnew text end computed under United States Code, title 10, sections 1401 to 1414,
1447 to 1455, and 12733deleted text begin , is a subtraction.deleted text end new text begin ;
new text end

new text begin (2) one-half the amount of a federal employee retirement system pension under United
States Code, title 5, chapter 84, if the annuity reflects military service credited under section
8411; and
 new text end

new text begin (3) one-half the amount of a civil service retirement system pension under United States
Code, title 5, chapter 83, subchapter III, if the annuity reflects military service credited
under section 8332.
 new text end

new text begin (b)new text end The subtraction is limited to individuals who do not claim the credit under section
290.0677.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective retroactively for taxable years beginning
after December 31, 2015.
 new text end