Skip to main content Skip to office menu Skip to footer
Capital IconMinnesota Legislature

Office of the Revisor of Statutes

Chapter 290

Section 290.0671

Topics

Recent History

290.0671 Minnesota working family credit.

Subdivision 1. Credit allowed. An individual is allowed a credit against the tax imposed by this chapter equal to a percentage of the credit for which the individual is eligible under section 32 of the Internal Revenue Code. The percentage is 15 for individuals without a qualifying child, and 25 for individuals with at least one qualifying child. For purposes of this section, "qualifying child" has the meaning given in section 32(c)(3) of the Internal Revenue Code.

For a nonresident or part-year resident, the credit determined under section 32 of the Internal Revenue Code must be allocated based on the percentage calculated under section 290.06, subdivision 2c, paragraph (e).

For a person who was a resident for the entire tax year and has earned income not subject to tax under this chapter, the credit must be allocated based on the ratio of federal adjusted gross income reduced by the earned income not subject to tax under this chapter over federal adjusted gross income.

Subd. 2. Credit name. The credit allowed by this section shall be known as the "Minnesota working family credit."

Subd. 3. Reduction by alternative minimum tax liability. The amount of the credit allowed must be reduced by the amount of the taxpayer's liability under section 290.091, determined before the credit allowed by this section is subtracted from regular tax liability.

Subd. 4. Credit refundable. If the amount of credit which the claimant is eligible to receive under this section exceeds the claimant's tax liability under this chapter, the commissioner shall refund the excess to the claimant.

Subd. 5. Calculation assistance. Upon request of the individual and submission of the necessary information, in the form prescribed by the commissioner, the department of revenue shall calculate the credit on behalf of the individual.

Subd. 6. Appropriation. An amount sufficient to pay the refunds required by this section is appropriated to the commissioner from the general fund.

HIST: 1991 c 291 art 6 s 27; 1992 c 511 art 6 s 19; art 7 s 14; 1993 c 375 art 8 s 9,14; 1994 c 587 art 1 s 24; 1Sp1997 c 4 art 13 s 2

* NOTE: The amendment to subdivision 1 by Laws 1997, First *Special Session chapter 4, article 13, section 2, is effective *for tax years beginning after December 31, 1997, if on the basis *of the November 1997 forecast of general revenues and *expenditures, the commissioner of finance determines that there *will be positive unrestricted budgetary general fund balance at *the close of the biennium after taking into account the costs of *sections 290.01, subdivision 19b, 290.0671, subdivision 1, and *290.0674, as amended and added by Laws 1997, First Special *Session chapter 4, article 13, sections 1 to 3, after meeting *the requirements of section 16A.152, subdivision 2, clause (a). *Laws 1997, First Special Session chapter 4, article 13, section *5.

Official Publication of the State of Minnesota
Revisor of Statutes