SF722 (Legislative Session 94 (2025-2026))
Subtraction provision for health insurance premiums
AI Generated Summary
Senate SF No 722 is a bill proposed in Minnesota that seeks to amend the state's tax laws. If enacted, the bill would allow individuals to subtract the amount they pay for health insurance premiums from their taxable income when filing their state income taxes. This subtraction would not apply to any amount already used to calculate other tax credits. The intention behind this bill is to provide some financial relief by reducing the income tax burden on those paying for health insurance.
Bill text versions
- Introduction PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| January 26, 2025 | Senate | Floor | Action | Introduction and first reading | |
| January 26, 2025 | Senate | Floor | Action | Referred to | Taxes |
| March 23, 2025 | Senate | Floor | Action | Author stricken | |
| March 23, 2025 | Senate | Floor | Action | Author stricken |
Citations
[
{
"analysis": {
"added": [
"Introduces a new subtraction for health insurance premiums."
],
"removed": [],
"summary": "This bill addresses individual income taxation, specifically modifying existing provisions under section 290.091 subdivision 2.",
"modified": []
},
"citation": "290.091 subdivision 2"
}
]