Bill > HF2302

This bill modifies Minnesota's tax code to change the age qualification for the state's child tax credit, specifically raising the age threshold from 18 to 19 years old. Currently, children who are 18 years old are not eligible for the Minnesota child credit, but this bill would extend credit eligibility to children who are 19 years old. The bill amends two sections of Minnesota Statutes (290.0661 and 290.0671) related to defining "qualifying child" and "qualifying older child" for tax credit purposes. The changes align with the definition of a qualifying child under section 32(c) of the Internal Revenue Code, with the key modification being the age requirement. The bill specifies that these changes will take effect for taxable years beginning after December 31, 2024, which means taxpayers will first be able to claim the expanded credit when filing their 2025 tax returns. By raising the age threshold, the bill aims to provide additional financial support to families with children who are 19 years old.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF2302&ssn=0&y=2025