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Bill > HF1891
MN HF1891
MN HF1891Individual income tax provisions modified, and subtraction for health insurance premiums provided.
summary
Introduced
02/16/2023
02/16/2023
In Committee
02/16/2023
02/16/2023
Crossed Over
Passed
Dead
05/20/2024
05/20/2024
Introduced Session
93rd Legislature 2023-2024
Bill Summary
A bill for an act relating to taxation; individual income; providing a subtraction for health insurance premiums; amending Minnesota Statutes 2022, sections 290.0132, by adding a subdivision; 290.091, subdivision 2.
AI Summary
This bill proposes to provide a subtraction from individual income taxes for the amount paid during the taxable year for health insurance premiums, not including any amount used to compute the existing health care tax credit. The bill also updates the definition of "alternative minimum taxable income" by modifying the list of allowed subtractions to include the new subtraction for health insurance premiums. These changes would be effective for taxable years beginning after December 31, 2022.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Introduction and first reading, referred to Taxes (on 02/16/2023)
Bill Topics
Health
- ‐ Health Insurance Reform
Macroeconomics
- ‐ Taxation, Tax Policy, and Tax Reform
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF1891&ssn=0&y=2023 | 02/16/2023 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=HF1891&version=0&session=ls93&session_year=2023&session_number=0&format=pdf | 02/16/2023 |
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