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Bill > HF968


MN HF968

MN HF968
Individual income tax; eligible expenses for the Minnesota education credit expanded.


summary

Introduced
02/17/2025
In Committee
02/17/2025
Crossed Over
Passed
Dead

Introduced Session

94th Legislature 2025-2026

Bill Summary

A bill for an act relating to taxation; individual income; expanding eligible expenses for the Minnesota education credit; amending Minnesota Statutes 2024, section 290.0674, subdivision 1a.

AI Summary

This bill expands the definition of eligible expenses for the Minnesota education credit by modifying the existing tax statute. The bill broadens the definition of "education-related expenses" to include additional costs for students participating in career and technical education programs. Specifically, the bill now allows taxpayers to claim expenses related to transportation outside regular school hours for career and technical education programs, participation in student organizations required by program curriculum, and equipment necessary for program participation. A "career and technical education program" is defined as an approved program that provides students with rigorous content aligned with academic standards, technical knowledge, and skills needed for future education and careers, potentially resulting in an industry-recognized credential or associate degree. The expanded definition aims to provide more financial support for families whose children are pursuing technical and career-oriented educational opportunities. The changes will apply to taxable years beginning after December 31, 2024, giving families more flexibility in claiming educational expenses on their state income tax returns.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Introduction and first reading, referred to Taxes (on 02/17/2025)

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