Bill > HF377

This bill establishes a two-year income tax holiday specifically for certain teachers in Minnesota. From January 1, 2025, through December 31, 2026, teachers who meet specific criteria will be eligible for an income tax exemption. To qualify, a teacher must have worked at least 1,000 hours in Minnesota during the tax year and have an adjusted gross income at or below $95,000 for single filers or $190,000 for married couples filing jointly. The tax exemption allows eligible teachers to be completely exempt from state income tax during this period, and those who might normally be eligible for a tax refund can still file a return. The bill defines an eligible teacher using the existing state definition in Minnesota Statutes and applies standard state tax definitions. This targeted tax relief aims to provide financial support and potentially attract or retain teachers in the state by offering a significant tax benefit during the specified two-year period.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF0377&ssn=0&y=2025