Minnesota Legislature
SF 4618
as introduced - 91st Legislature (2019 - 2020) Posted on 05/16/2020 07:57am
Current Version - as introduced
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A bill for an act
relating to taxation; individual income; modifying the credit for parents of stillborn
children; amending Minnesota Statutes 2018, section 290.0685, subdivision 1.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
Minnesota Statutes 2018, section 290.0685, subdivision 1, is amended to read:
Subdivision 1.
Credit allowed.
(a) An individual is allowed a credit against the tax
imposed by this chapter equal to $2,000new text begin (1)new text end for each birth for which a certificate of birth
resulting in stillbirth has been issued under section 144.2151new text begin , or (2) for each birth occurring
in another state or country, a certificate similar to the certificate under section 144.2151
that documents that the stillbirth occurred under that state's or country's lawnew text end . 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.
(b) For a nonresident or part-year resident, the credit must be allocated based on the
percentage calculated under section 290.06, subdivision 2c, paragraph (e).
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