1.1 	A bill for an act
1.2 	relating to taxation; individual income; providing a subtraction for employer student 
1.3 	loan repayment assistance;amending Minnesota Statutes 2016, section 290.0132, 
1.4 	by adding a subdivision.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. Minnesota Statutes 2016, section 290.0132, is amended by adding a subdivision 
1.7 	to read:
1.8 		Subd. 27.Employer student loan repayment assistance. The amount paid by an 
1.9 	employer, whether to an employee or a lender, of principal or interest on a qualified education 
1.10 	loan, as defined in section 221(d)(1) of the Internal Revenue Code, and incurred on behalf 
1.11 	of the employee, is a subtraction.

1.12 	EFFECTIVE DATE. This section is effective for taxable years beginning after December 
1.13 	31, 2017.