AI Generated Summary
This bill, S.F. No. 1852, introduced in the Minnesota Senate, proposes amendments related to taxation and individual income. Specifically, it aims to:
- Expand the Dependent Care Credit – Modifying existing tax credits that assist taxpayers with child care expenses.
- Establish the Great Start Child Care Credit – Introducing a new tax credit to provide additional financial relief for child care costs.
- Amend Minnesota Statutes 2024 – Adjustments to sections 290.0131 and 290.067 to incorporate the new provisions.
- Address Dependent Flexible Spending Accounts – Specifies that for taxpayers claiming the dependent care credit, the amount of dependent care assistance excluded from income under federal tax law (Section 129 of the Internal Revenue Code) must be included as an addition to taxable income.
This bill seeks to provide greater financial support for families with child care expenses, potentially making child care more affordable for Minnesota residents.
Bill text versions
- Introduction PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| February 23, 2025 | House | Floor | Action | Introduction and first reading | |
| February 23, 2025 | Senate | Floor | Action | Introduction and first reading | |
| February 23, 2025 | House | Floor | Action | Referred to | Taxes |
| February 23, 2025 | Senate | Floor | Action | Referred to | Taxes |
Citations
[
{
"analysis": {
"added": [
"New provisions related to taxpayer eligibility for the Great Start child care credit."
],
"removed": [
""
],
"summary": "This bill modifies the individual income taxation provisions related to the dependent care credit under section 290.067.",
"modified": [
"Expanded credit eligibility to include more taxpayers."
]
},
"citation": "290.067",
"subdivision": "subdivisions 1, 2b"
}
]