HF73 (Legislative Session 94 (2025-2026))
Maximum refund for political contributions increased.
AI Generated Summary
This bill, proposed by Minnesota state legislators, aims to increase the maximum tax refund amounts that individuals and married couples can receive for their monetary contributions to political parties and candidates. The key changes include raising the cap from $75 to $100 for an individual and from $150 to $200 for a married couple filing jointly.
To claim this refund, taxpayers must provide a specific form and attach an official receipt from the candidate or political party verifying the contribution. Claims for refunds have to be made within a stipulated timeframe, and only one claim can be filed per calendar year.
Additionally, the bill specifies that no refunds are applicable for contributions to candidates who do not agree to limit their campaign spending as per established regulations, and defines the terms "political party" and "candidate" relevant to these contributions. The privacy of individuals claiming refunds is protected, with only aggregated data being made public.
Ultimately, the bill is designed to encourage political contributions by offering greater tax refunds, while also maintaining transparency and accountability in campaign financing.
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 | Elections Finance and Government Operations |
| February 12, 2025 | House | Floor | Action | Author added | |
| February 16, 2025 | House | Floor | Action | Author added |
Citations
[
{
"analysis": {
"added": [
"Increases maximum refund amounts for political contributions."
],
"removed": [],
"summary": "This bill modifies the refund amount for political contributions under section 290.06, subdivision 23.",
"modified": []
},
"citation": "290.06"
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "This bill references section 270C.405 regarding the interest rate applied to late refunds.",
"modified": []
},
"citation": "270C.405"
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "This bill modifies references to campaign expenditure agreements under section 10A.322.",
"modified": []
},
"citation": "10A.322"
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "This bill references spending limits in section 10A.25 for candidates seeking office.",
"modified": []
},
"citation": "10A.25"
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "This bill defines major political parties by referencing section 200.02, subdivision 7.",
"modified": []
},
"citation": "200.02"
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "This bill references section 10A.31, subdivision 3a, regarding minor political parties.",
"modified": []
},
"citation": "10A.31"
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "This bill defines candidates by referencing section 10A.01, subdivision 10.",
"modified": []
},
"citation": "10A.01"
}
]