HF377

HF377 (Legislative Session 94 (2025-2026))

Two-year income tax holiday established for certain teachers.

AI Generated Summary

This bill proposes a two-year income tax exemption for certain teachers in Minnesota. To qualify, teachers must have worked at least 1,000 hours in the state during the taxable year and have an adjusted gross income of less than $95,000, or $190,000 if filing jointly. This tax holiday would apply for the years beginning after December 31, 2024, and before January 1, 2027. Teachers eligible for this would still be able to file tax returns to claim any refundable credits that exceed their tax liability.

Bill text versions

Introduction PDF file

Actions

Date	Chamber	Where	Type	Name	Committee Name
February 12, 2025	House	Floor	Action	Introduction and first reading, referred to	Taxes

Citations

[
  {
    "analysis": {
      "added": [
        "Eligibility criteria for a tax holiday specific to teachers as defined in this section."
      ],
      "removed": [],
      "summary": "This bill references the definition of 'teacher' as outlined in section 122A.06, subdivision 2, to determine eligibility for the income tax holiday.",
      "modified": []
    },
    "citation": "122A.06"
  },
  {
    "analysis": {
      "added": [
        "Extension of tax-related definitions to the proposed tax holiday for teachers."
      ],
      "removed": [],
      "summary": "This bill uses the definitions in section 290.01 to apply to the terms mentioned in the income tax holiday for teachers.",
      "modified": []
    },
    "citation": "290.01"
  }
]