Minneslate Logo

HF1448 (Legislative Session 94 (2025-2026))

Portability of the deceased spousal unused exclusion amount provided, and technical changes made and obsolete provisions removed.

Related bill: SF1271

AI Generated Summary

This bill, H.F. No. 1448, introduced in the Minnesota House of Representatives, relates to estate taxation. The legislation proposes changes to the Minnesota estate tax laws, including:

  • Portability of the Deceased Spousal Unused Exclusion Amount (DSUEA): This allows a surviving spouse to use any unused portion of their deceased spouse’s estate tax exclusion, similar to federal estate tax provisions.
  • Technical Changes and Removal of Obsolete Provisions: Updates certain statutory language to align with current tax laws and remove outdated sections.
  • Estate Tax Return Filing Requirements: Clarifies that the personal representative of a decedent's estate must file a Minnesota estate tax return if:
    • A federal estate tax return is required, or
    • The sum of the federal gross estate and adjusted taxable gifts made within three years prior to death exceeds specific thresholds, which are outlined for various years (rising from $1.2 million for 2014 to $3 million for 2020 and later).
  • Signature Requirement: The personal representative must sign the estate tax return, including a computation of Minnesota estate tax due.

Overall, the bill seeks to modernize Minnesota’s estate tax system by adopting portability, clarifying filing requirements, and eliminating obsolete provisions.

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
February 23, 2025HouseFloorActionIntroduction and first reading, referred toTaxes

Citations

 
[
  {
    "analysis": {
      "added": [
        "Clarification on how the federal gross estate and taxable gifts factor into state returns."
      ],
      "removed": [],
      "summary": "In this bill, the federal provision referenced (section 2001b of the Internal Revenue Code) relates to the calculation of federal gross estate and adjusted taxable gifts as part of determining Minnesota estate tax obligations.",
      "modified": [
        "Updates thresholds for federal gross estate and adjusted taxable gifts from previous years to determine filing requirements."
      ]
    },
    "citation": "2001b of the Internal Revenue Code"
  }
]

Sponsors