as introduced - 90th Legislature (2017 - 2018) Posted on 05/17/2018 09:28am
Engrossments | ||
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Introduction | Posted on 05/17/2018 |
A bill for an act
relating to taxation; individual income; providing a subtraction for employer student
loan repayment assistance; amending Minnesota Statutes 2016, section 290.0132,
by adding a subdivision.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Minnesota Statutes 2016, section 290.0132, is amended by adding a subdivision
to read:
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The amount paid by an
employer, whether to an employee or a lender, of principal or interest on a qualified education
loan, as defined in section 221(d)(1) of the Internal Revenue Code, and incurred on behalf
of the employee, is a subtraction.
new text end
new text begin
This section is effective for taxable years beginning after December
31, 2017.
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