HF1448

HF1448 (Legislative Session 94 (2025-2026))

Portability of the deceased spousal unused exclusion amount provided, and technical changes made and obsolete provisions removed.

Related bill: SF1271

AI Generated Summary

This Minnesota House bill (H.F. No. 1448) proposes amendments to existing tax statutes related to estate taxation. Specifically, it introduces portability of the deceased spousal unused exclusion amount, allowing a surviving spouse to use any unused portion of their deceased spouse's estate tax exemption. Additionally, the bill makes technical changes and removes obsolete provisions from the state tax code. It adjusts filing requirements for estate tax returns, outlining conditions under which a personal representative must submit a return based on the size of the estate and recent taxable gifts. The bill was referred to the Committee on Taxes for further consideration.

Bill text versions

Introduction PDF file

Actions

Date	Chamber	Where	Type	Name	Committee Name
February 23, 2025	House	Floor	Action	Introduction and first reading, referred to	Taxes
February 23, 2025	House	Floor	Action	Introduction and first reading, referred to	Taxes

Citations

[
  {
    "analysis": {
      "added": [
        "Additional clauses to handle portability of deceased spousal unused exclusion amount."
      ],
      "removed": [
        "Previous filing thresholds for years 2014 to 2020."
      ],
      "summary": "Amendments relate to return requirements for Minnesota estate taxes under section 289A.10.",
      "modified": [
        "Updated return submission requirements based on changes in federal estate tax regulations."
      ]
    },
    "citation": "289A.10",
    "subdivision": "subdivision 1"
  },
  {
    "analysis": {
      "added": [
        "Clarification on how unused exclusion amount impacts tax computation."
      ],
      "removed": [
        "Obsolete computation methods."
      ],
      "summary": "Technical changes to section 291.016, subdivision 3 related to estate tax computation.",
      "modified": [
        "Updated language for clarity and current practice."
      ]
    },
    "citation": "291.016",
    "subdivision": "subdivision 3"
  },
  {
    "analysis": {
      "added": [
        ""
      ],
      "removed": [
        "Obsolete phrases."
      ],
      "summary": "Minor changes to estate tax section 291.03.",
      "modified": [
        "Clarified provisions to align with changes in federal laws."
      ]
    },
    "citation": "291.03",
    "subdivision": ""
  }
]