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HF1974 (Legislative Session 94 (2025-2026))

Employee student loan payments by critical access dental clinics income tax subtraction established.

Related bill: SF2293

AI Generated Summary

This Minnesota House bill (H.F. No. 1974) proposes an amendment to the state tax code to allow an income tax subtraction for student loan payments made by critical access dental clinics on behalf of their employees. The bill defines critical access dental clinics based on an existing state designation and specifies that the eligible student loan payments must meet the definition of "educational assistance" under federal tax law. However, only payments exceeding the federal limit for tax-free education assistance would qualify for the state tax subtraction. The bill aims to provide tax relief to employees of critical access dental clinics by reducing their taxable income when they receive employer-paid student loan assistance.

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
March 05, 2025HouseFloorActionIntroduction and first reading, referred toTaxes
March 05, 2025HouseFloorActionIntroduction and first reading, referred toTaxes

Citations

 
[
  {
    "analysis": {
      "added": [
        "Establishes criteria for student loan educational assistance applicable to critical access dental clinics."
      ],
      "removed": [
        ""
      ],
      "summary": "This section of the bill refers to the designation of critical access dental providers as per section 256B.76, subdivision 4.",
      "modified": [
        "Clarifies the role of critical access designation in tax subtraction eligibility."
      ]
    },
    "citation": "256B.76",
    "subdivision": "subdivision 4"
  }
]

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