HF 2532

as introduced - 92nd Legislature (2021 - 2022) Posted on 04/16/2021 08:57am

A bill for an act
relating to taxation; income; conforming to the clarification of the federal exclusion
of certain educator expenses.

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

Section 1. new text begin EXCLUSION OF EDUCATOR EXPENSES.
new text end

new text begin Subdivision 1. new text end

new text begin Scope. new text end

new text begin This section applies for the purpose of calculating:
new text end

new text begin (1) net income, as defined in Minnesota Statutes, section 290.01, subdivision 19;
new text end

new text begin (2) income, as defined in Minnesota Statutes, section 290.0674, subdivision 2a;
new text end

new text begin (3) alternative minimum taxable income, as defined in Minnesota Statutes, section
290.091, subdivision 2;
new text end

new text begin (4) alternative minimum taxable net income, as defined in Minnesota Statutes, section
290.0921, subdivision 2; and
new text end

new text begin (5) income, as defined in Minnesota Statutes, section 290A.03, subdivision 3.
new text end

new text begin Subd. 2. new text end

new text begin Clarification; educator expenses. new text end

new text begin "Internal Revenue Code" has the meaning
given in Minnesota Statutes, section 290.01, subdivision 31, as amended through the date
specified in that subdivision, but including the clarification of the exclusion from gross
income of educator expenses to include personal protective equipment, disinfectant, and
other supplies used for the prevention of COVID-19 under section 275 of Public Law
116-260.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective retroactively at the same time the
provisions of federal law specified in subdivision 2 were effective for federal purposes.
new text end