This bill proposes an amendment to Minnesota Statutes section 290.0661 to introduce a "baby bonus" within the Minnesota child credit. Specifically, it increases the child credit by $400 for each qualifying child born during the taxable year.

Key provisions include: - The $400 bonus applies to each child born in the tax year. - The additional amount will not be considered when determining a taxpayer's minimum credit amount. - The commissioner is authorized to create a process for advance payment of the bonus.

The bill was introduced in the Minnesota House of Representatives, authored by Hanson J., Smith, Sencer-Mura, Lee K., McDonald, and others, and referred to the Committee on Taxes for further consideration.