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- Remove Obsolete Provisions – The bill updates existing laws by eliminating outdated language and provisions.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.
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| February 27, 2025 | House | Action | Introduction and first reading, referred to | Taxes | |
| March 03, 2025 | House | 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"
}
]Progress through the legislative process
In Committee