SF722 (Legislative Session 94 (2025-2026))
Subtraction provision for health insurance premiums
AI Generated Summary
Senate SF No 722 is a bill proposed in Minnesota that seeks to amend the state's tax laws. If enacted, the bill would allow individuals to subtract the amount they pay for health insurance premiums from their taxable income when filing their state income taxes. This subtraction would not apply to any amount already used to calculate other tax credits. The intention behind this bill is to provide some financial relief by reducing the income tax burden on those paying for health insurance.
Bill text versions
- Introduction PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| January 26, 2025 | House | Floor | Action | Introduction and first reading | |
| January 26, 2025 | Senate | Floor | Action | Introduction and first reading | |
| January 26, 2025 | House | Floor | Action | Referred to | Taxes |
| January 26, 2025 | Senate | Floor | Action | Referred to | Taxes |
| March 23, 2025 | Senate | Floor | Action | Author stricken |
Citations
[
{
"analysis": {
"added": [
"Clarification on subtraction for health insurance premiums."
],
"removed": [],
"summary": "This bill provides a subtraction for health insurance premiums affecting section 290.091, subdivision 2.",
"modified": [
"Adjusts calculation method for insurance premium deductions."
]
},
"citation": "290.091",
"subdivision": "subdivision 2"
}
]