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Bill > HF1891


MN HF1891

MN HF1891
Individual income tax provisions modified, and subtraction for health insurance premiums provided.


summary

Introduced
02/16/2023
In Committee
02/16/2023
Crossed Over
Passed
Dead
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

bill text


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