This legislative bill aims to adjust the tax rules for estates in Minnesota. Specifically, it proposes to increase the threshold amount at which an estate becomes taxable. Currently, estates are subject to taxation if they exceed certain values, which have been rising gradually from $1.2 million in 2014 up to $3 million for deaths occurring in 2020 and onwards. This bill intends to increase that threshold to $6 million, meaning estates valued at less than $6 million would not be subject to Minnesota estate tax, reducing the tax burden for larger estates. The bill has been referred to the Committee on Taxes for further discussion and approval.