HF310

This bill, proposed in Minnesota, aims to modify the state's tax code regarding the dependent care credit. Specifically, it intends to adjust how dependent care assistance, which is excluded from gross income under federal tax law, is treated for state tax purposes. The bill will add a new rule for taxpayers who are either claiming this credit themselves or whose spouse is claiming it. This change requires such instances of dependent care assistance to be added back into the taxpayer's gross income for state tax calculations. This essentially means that while this income is not taxed federally, it will be considered taxable state income in Minnesota if this bill is passed.