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SF1603 (Legislative Session 94 (2025-2026))

Health facility parking income tax subtraction establishment provision

Related bill: HF323

AI Generated Summary

This bill, S.F. No. 1603, proposes an income tax subtraction for certain parking expenses incurred at health facilities in Minnesota. It amends Minnesota Statutes 2024, section 290.0132, by adding a new subdivision that allows individuals to subtract eligible parking expenses from their taxable income, provided the expenses exceed $100.

Key Provisions:

  1. Eligible Individuals:

    • Patients receiving health care at a health facility.
    • Family members (spouse or qualifying relative) visiting a patient.
    • Employees working at eligible health facilities.

  2. Eligible Health Facilities:

    • Hospitals and outpatient surgical centers licensed under Minnesota law.
    • Physician offices, medical or dental clinics, and licensed birth centers.

  3. Eligible Expenses:

    • The amount actually paid in cash for parking at an eligible health facility.

  4. Exclusions:

    • Expenses already deducted as medical expenses under other tax provisions.
    • Expenses reimbursed from:
      • Health savings accounts (HSAs)
      • Health flexible spending arrangements (FSAs)
      • Employers or other sources

This bill aims to provide tax relief for individuals facing high parking costs when seeking or providing health care services.

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
February 19, 2025SenateFloorActionIntroduction and first reading
February 19, 2025SenateFloorActionReferred toTaxes

Citations

 
[
  {
    "analysis": {
      "added": [
        "Defines eligible health facility based on licensing under sections 144.50 to 144.56."
      ],
      "removed": [],
      "summary": "The bill references existing requirements for the licensing of hospitals and outpatient surgical centers.",
      "modified": []
    },
    "citation": "144.50 to 144.56"
  },
  {
    "analysis": {
      "added": [
        "Includes birth centers under the definition of eligible health facilities."
      ],
      "removed": [],
      "summary": "The bill references existing requirements for the licensing of birth centers.",
      "modified": []
    },
    "citation": "144.615"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "References deductions as medical expenses under section 290.0122.",
      "modified": [
        "Specifies exclusions for the subtraction related to amounts deducted as medical expenses."
      ]
    },
    "citation": "290.0122"
  }
]

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