SF1194
Credit provision for certain instructional expenses
Legislative Session 94 (2025-2026)
AI Generated Summary
The bill, S.F. No. 1194, proposes a new tax credit for Minnesota residents related to certain educational expenses. If passed, this legislation would provide a tax credit to taxpayers for each qualifying child—defined as a child who is in kindergarten through grade 12, meets certain federal tax requirements, and receives education from a Minnesota school that is not a public school, as of January 1 of the taxable year. The amount of the tax credit would be based on a formula allowance linked to the school fiscal year beginning July 1 of the taxable year. In simple terms, this bill aims to give a financial benefit to Minnesota taxpayers who have children in non-public schools, reducing the amount they owe in state income taxes.
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| February 10, 2025 | Senate | Action | Introduction and first reading | ||
| February 10, 2025 | Senate | Action | Referred to | Taxes |
Bill information comes from public records published by the Office of the Revisor of Statutes, the Minnesota House and the Minnesota Senate. AI summaries are written by MinneSlate and are not official. MinneSlate is independent and is not affiliated with the State of Minnesota or the Minnesota Legislature.