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HF1437 (Legislative Session 94 (2025-2026))

Stillbirth individual income tax credit modified.

Related bill: SF1646

AI Generated Summary

This bill proposes a modification to the stillbirth tax credit in Minnesota. It amends Minnesota Statutes 2024, section 290.0685, subdivision 1 to allow an eligible individual to claim a $2,000 tax credit for each stillbirth, provided that a certificate of birth resulting in stillbirth has been issued under section 144.2151.

Key provisions include: - The credit is available only in the taxable year in which the stillbirth occurred. - The stillborn child must have been eligible to be claimed as a dependent under section 152 of the Internal Revenue Code. - Nonresidents and part-year residents will have the credit allocated based on a percentage calculated under section 290.06, subdivision 2c, paragraph (e).

This bill is aimed at providing financial relief to families experiencing a stillbirth by offering a tax credit.

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
February 23, 2025HouseFloorActionIntroduction and first reading, referred toTaxes
February 23, 2025HouseFloorActionIntroduction and first reading, referred toTaxes

Citations

 
[
  {
    "analysis": {
      "added": [
        "Clarifies the issuance requirements of the stillbirth certificate under section 144.2151."
      ],
      "removed": [],
      "summary": "This bill modifies the individual income tax stillbirth credit under section 290.0685, subdivision 1.",
      "modified": []
    },
    "citation": "290.0685",
    "subdivision": "subdivision 1"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "This section is referenced for calculating the allocation for nonresident or part-year resident credits.",
      "modified": []
    },
    "citation": "290.06",
    "subdivision": "subdivision 2c"
  }
]

Sponsors