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Minnesota Legislature

Office of the Revisor of Statutes

HF 2969

as introduced - 89th Legislature (2015 - 2016) Posted on 04/20/2016 12:38pm

KEY: stricken = removed, old language.
underscored = added, new language.

Bill Text Versions

Engrossments
Introduction Posted on 03/14/2016

Current Version - as introduced

Line numbers 1.1 1.2 1.3 1.4 1.5
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A bill for an act
relating to taxation; individual income; establishing a refundable credit for
parents of stillborn children; proposing coding for new law in Minnesota
Statutes, chapter 290.

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

Section 1.

new text begin [290.0693] CREDIT FOR PARENTS OF STILLBORN CHILDREN.
new text end

new text begin Subdivision 1. new text end

new text begin Credit allowed. new text end

new text begin (a) An individual is allowed a credit against the
tax imposed by this chapter equal to $2,000 for each birth for which a certificate of
birth resulting in stillbirth has been issued under section 144.2151. The credit under
this section is allowed only in the taxable year in which the stillbirth occurred and if
the child would have been a dependent of the taxpayer as defined in section 152 of the
Internal Revenue Code.
new text end

new text begin (b) For a part-year resident, the credit must be allocated based on the percentage
calculated under section 290.06, subdivision 2c, paragraph (e).
new text end

new text begin Subd. 2. new text end

new text begin Credit refundable. new text end

new text begin If the amount of credit that an individual is
allowed under subdivision 1 exceeds the individual's tax liability under this chapter, the
commissioner shall refund the excess to the individual.
new text end

new text begin Subd. 3. new text end

new text begin Appropriation. new text end

new text begin An amount sufficient to pay the refunds required by this
section is appropriated to the commissioner from the general fund.
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, 2015.
new text end