HF1718 (Legislative Session 94 (2025-2026))
Obsolete provisions removed and portability of the estate tax exclusion provided.
Related bill: SF30
AI Generated Summary
This Minnesota House bill, H.F. No. 1718, focuses on taxation, specifically the estate tax. It aims to:
- Remove Obsolete Provisions – The bill updates existing laws by eliminating outdated language and provisions.
- Establish Portability of the Estate Tax Exclusion – It allows the unused portion of a deceased spouse's estate tax exclusion to be transferred to the surviving spouse for future use.
- Amend Existing Statutes – It modifies several sections of Minnesota tax law, including:
- Minnesota Statutes 2024, Section 289A.10, Subdivision 1 – Requires that a Minnesota estate tax return be filed under certain conditions, such as if a federal estate tax return is required or if the sum of the federal gross estate and certain taxable gifts exceeds set thresholds.
- Other Sections (289A.12, 291.016, and 291.03) – Likely include additional adjustments to estate tax administration and filing requirements.
The bill was introduced by Representative Davids and referred to the Committee on Taxes for further consideration.
Bill text versions
- Introduction PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| February 26, 2025 | House | Floor | Action | Introduction and first reading, referred to | Taxes |
| March 02, 2025 | House | Floor | Action | Author added |
Citations
[
{
"analysis": {
"added": [],
"removed": [],
"summary": "This bill references section 2001b of the Internal Revenue Code regarding the sum of the federal gross estate and adjusted taxable gifts.",
"modified": [
"Adjusts the application of the section based on the threshold amounts for estate taxes from 2014 to 2020 and thereafter."
]
},
"citation": "2001b of the Internal Revenue Code"
}
]