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HF166 (Legislative Session 94 (2025-2026))

Federal estate tax exclusion amount conformed.

Related bill: SF1942

AI Generated Summary

This bill aims to align Minnesota’s estate tax exclusion amounts with the federal estate tax exclusion amounts. Essentially, it updates the dollar values at which estates become subject to the Minnesota estate tax over the years, increasing progressively:

  • $1,200,000 for deaths in 2014
  • $1,400,000 for deaths in 2015
  • $1,600,000 for deaths in 2016
  • $2,100,000 for deaths in 2017
  • $2,400,000 for deaths in 2018
  • $2,700,000 for deaths in 2019
  • $3,000,000 for deaths in 2020 and thereafter

This means if the total value of an estate exceeds these amounts depending on the year of death, the estate must file a tax return in Minnesota. The bill also specifies that the estate tax return must be signed by the personal representative of the deceased. This aims to ensure the tax responsibilities are clear and consistently applied, as they align with federal requirements.

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
February 09, 2025HouseFloorActionIntroduction and first reading, referred toTaxes
February 12, 2025HouseFloorActionAuthor added

Citations

 
[
  {
    "analysis": {
      "added": [
        "Adjusts threshold amounts for when tax return filing is necessary for decedents across specific years."
      ],
      "removed": [],
      "summary": "Amends conditions under which a Minnesota estate tax return is required.",
      "modified": [
        "Clarifies filing conditions based on federal estate tax return requirements."
      ]
    },
    "citation": "289A.10"
  }
]

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