HF170

HF170 (Legislative Session 94 (2025-2026))

Ten-year phaseout of the estate tax provided.

Related bill: SF953

AI Generated Summary

This legislative bill in Minnesota proposes a gradual elimination of the estate tax over a period of ten years starting from July 1, 2025. Each year, the tax rates applied to different ranges of estate values will decrease by 1.6 percentage points until all the rates reach zero. Additionally, the specific dollar amounts added to the tax for higher estate values will also be reduced annually until they are eliminated. This phase-out process aims to completely remove the estate tax by June 30, 2034.

Bill text versions

Introduction PDF file

Actions

Date	Chamber	Where	Type	Name	Committee Name
February 09, 2025	House	Floor	Action	Introduction and first reading, referred to	Taxes
February 12, 2025	House	Floor	Action	Author added
February 16, 2025	House	Floor	Action	Author added
March 02, 2025	House	Floor	Action	Author added

Citations

[
  {
    "analysis": {
      "added": [
        "A provision for a phased reduction of tax rates beginning July 1, 2025."
      ],
      "removed": [],
      "summary": "This bill modifies the estate tax provisions for estates in Minnesota under section 291.03.",
      "modified": [
        "Adjusted the tax bracket ranges and rates for estates of decedents dying from 2017 onwards."
      ]
    },
    "citation": "291.03"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "This bill references section 291.016 in relation to calculating Minnesota estate tax.",
      "modified": []
    },
    "citation": "291.016"
  }
]