HF236 (Legislative Session 94 (2025-2026))
Veterans and surviving spouses provided full subtraction of taxable Social Security benefits.
AI Generated Summary
The bill proposes changes to the taxation of Social Security benefits, specifically for Minnesota's veterans and surviving spouses. It amends existing tax law to exclude the full amount of Social Security benefits received by veterans and their surviving spouses from being taxed. Moreover, it details the calculation of tax subtractions for other taxpayers based on their income and filing status, adjusting these calculations for inflation annually. This change aims to provide financial relief to veterans and their families by reducing their tax burden.
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 |
Citations
[
{
"analysis": {
"added": [
"A new provision allowing full subtraction of Social Security benefits for veterans and surviving spouses."
],
"removed": [],
"summary": "This bill modifies the subtraction of taxable Social Security benefits for veterans and surviving spouses under Minnesota Statutes, section 290.0132, subdivision 26.",
"modified": [
"Adjustments to the phaseout threshold and maximum subtraction amounts for different filing statuses."
]
},
"citation": "290.0132"
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "References section 270C.22 regarding adjustments to the phaseout threshold amounts.",
"modified": [
"Clarifies the adjustment of phaseout threshold amounts based on section 270C.22."
]
},
"citation": "270C.22"
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "Defines 'veteran' as referenced in the new provision under section 290.0132, subdivision 26.",
"modified": [
"Incorporation of the definition of 'veteran' from section 197.447."
]
},
"citation": "197.447"
}
]