AI Generated Summary
This Minnesota Senate bill (S.F. No. 1646) proposes modifications to the state's stillbirth tax credit. The key provisions include:
- Tax Credit Increase: The bill allows a $2,000 tax credit for each stillbirth where a certificate of birth resulting in stillbirth has been issued under Minnesota Statutes, section 144.2151.
- Eligibility Requirements: The credit is available only in the tax year in which the stillbirth occurred and if the child would have qualified as a dependent under section 152 of the Internal Revenue Code.
- Application to Nonresidents and Part-Year Residents: The credit for nonresidents or part-year residents will be adjusted proportionally based on their Minnesota income allocation, as calculated under Minnesota Statutes, section 290.06, subdivision 2c, paragraph (e).
This bill would provide financial relief to parents who experience a stillbirth by offering a tax credit in the affected tax year.
Bill text versions
- Introduction PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| February 19, 2025 | Senate | Floor | Action | Introduction and first reading | |
| February 19, 2025 | Senate | Floor | Action | Referred to | Taxes |
Citations
[
{
"analysis": {
"added": [],
"removed": [],
"summary": "This bill modifies the stillbirth credit eligibility under section 290.0685.",
"modified": [
"Clarifies the credit allocation for nonresidents or part-year residents based on section 290.06 subdivision 2c paragraph e."
]
},
"citation": "290.0685"
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "References requirements for issuing a stillbirth certificate as it relates to the stillbirth credit.",
"modified": []
},
"citation": "144.2151"
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "References the definition of a dependent under the Internal Revenue Code as a condition for the stillbirth credit.",
"modified": []
},
"citation": "152 of the Internal Revenue Code"
}
]