HF2339

HF2339 (Legislative Session 94 (2025-2026))

Income threshold for child tax credit increased.

Related bill: SF2508

AI Generated Summary

The bill, H.F. No. 2339, proposes an amendment to Minnesota's tax code to increase the income threshold for the child tax credit. Specifically, it raises the phaseout threshold for the credit:

For married taxpayers filing jointly, the threshold increases from $35,000 to $45,490.
For all other filers, the threshold increases from $29,500 to $38,340.

This change allows more taxpayers to qualify for the full child tax credit before the phaseout begins.

Bill text versions

Introduction PDF file

Actions

Date	Chamber	Where	Type	Name	Committee Name
March 13, 2025	House	Floor	Action	Introduction and first reading, referred to	Taxes
March 17, 2025	House	Floor	Action	Authors added
March 20, 2025	House	Floor	Action	Author added
March 27, 2025	House	Floor	Action	Author added
April 01, 2025	House	Floor	Action	Authors added
April 02, 2025	House	Floor	Action	Author added
April 03, 2025	House	Floor	Action	Author added
April 21, 2025	House	Floor	Action	Author added
April 24, 2025	House	Floor	Action	Author added

Citations

[
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "This bill modifies the phaseout thresholds for the child tax credit under section 290.0661.",
      "modified": [
        "Increases income thresholds for phaseout of the child tax credit."
      ]
    },
    "citation": "290.0661",
    "subdivision": "subdivision 4"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "This bill affects the phaseout calculations for the child tax credit concerning section 290.0671.",
      "modified": [
        "Impacts calculation related to phaseout of related credits."
      ]
    },
    "citation": "290.0671",
    "subdivision": ""
  }
]