HF 2254

as introduced - 94th Legislature (2025 - 2026) Posted on 03/12/2025 11:39am

A bill for an act
relating to taxation; individual income; establishing a baby bonus within the
Minnesota child credit; amending Minnesota Statutes 2024, section 290.0661, by
adding a subdivision.

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

Section 1.

Minnesota Statutes 2024, section 290.0661, is amended by adding a subdivision
to read:

new text begin Subd. 3a. new text end

new text begin Baby bonus. new text end

new text begin (a) The credit amount under subdivision 3 is increased by $400
for each qualifying child of the taxpayer that was born during the taxable year.
new text end

new text begin (b) The commissioner must disregard credit amounts under this subdivision for the
purposes of determining a taxpayer's minimum credit amount under subdivision 9.
new text end

new text begin (c) The commissioner may establish a process to allow a taxpayer to request an advance
payment of the additional amount under this subdivision.
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, 2024.
new text end