Bill > SF4249

This bill, titled the "Unlimited Social Security subtraction provision," proposes to amend Minnesota Statutes by allowing an unlimited subtraction for Social Security benefits received by taxpayers. Previously, Minnesota law had complex rules for subtracting Social Security benefits from taxable income, involving simplified and alternate subtractions with various phaseout thresholds and limitations based on income levels and filing status, and defining "provisional income" as a combination of modified adjusted gross income and half of taxable Social Security benefits. The bill simplifies this by removing all those previous limitations and instead allows taxpayers to subtract the full amount of their Social Security benefits, as defined by federal law, from their taxable income, effective for taxable years beginning after December 31, 2025.

Budget and Finance

https://www.revisor.mn.gov/bills/94/2026/0/SF/4249/