SF1603

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.