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SF1194 (Legislative Session 94 (2025-2026))

Credit provision for certain instructional expenses

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.

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
February 10, 2025SenateActionIntroduction and first reading
February 10, 2025SenateActionReferred toTaxes

Citations

 
[
  {
    "analysis": {
      "added": [
        "Utilizes the existing formula allowance to calculate a new tax credit."
      ],
      "removed": [],
      "summary": "This bill references section 126C.10 to define 'credit allowance' in relation to the school instruction tax credit.",
      "modified": []
    },
    "citation": "126C.10"
  },
  {
    "analysis": {
      "added": [
        "Incorporates instruction requirements consistent with existing statute for the credit eligibility."
      ],
      "removed": [],
      "summary": "Section 120A.22 is referenced for instructional criteria related to the school instruction tax credit.",
      "modified": []
    },
    "citation": "120A.22"
  },
  {
    "analysis": {
      "added": [
        "Refers to existing classifications of schools for credit purposes."
      ],
      "removed": [],
      "summary": "Section 120A.05 is used to define eligible schools other than public schools for the tax credit.",
      "modified": []
    },
    "citation": "120A.05"
  }
]

Progress through the legislative process

17%
In Committee

Sponsors