as introduced - 90th Legislature (2017 - 2018) Posted on 04/30/2018 03:58pm
A bill for an act
relating to taxation; individual income; creating a subtraction for unreimbursed
employee expenses; 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 of the deduction for certain
trade and business expenses of employees within the meaning of section 62(a)(2), items
(A) and (B), of the Internal Revenue Code, as amended through March 31, 2018, is a
subtraction. This subdivision applies only in years when the federal deduction for certain
trade and business expenses of employees is suspended under section 67(g) of the Internal
Revenue Code.
new text end
new text begin
This section is effective for taxable years beginning after December
31, 2017.
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