Education expense subtraction and credit provisions modifications
Individual income taxes, corporate franchise taxes, sales and use taxes, and other various taxes and tax-related provisions modified; various policy and technical changes made; income tax credits and subtractions modified; and enforcement, return, and audit provisions modified.
Advance payments of the K-12 education credit provided, and report required.
Taxes provisions modification
Tax refunds; tip income tax subtraction provided, Minnesota child tax credit expanded, onetime expansion of property tax refunds provided, and new fifth tier individual income tax rate established.
Income and corporate franchise tax; research credit modified.
Individual income, corporate franchise, sales and use, and gross receipts taxes and other various taxes and tax-related provisions modified; federal conformity provided; sustainable aviation fuel credit modified, firearms gross receipts tax imposed, social media tax imposed, and money appropriated.
Tax refunds; overtime income tax subtraction provided, Minnesota child tax credit expanded, onetime expansion of property tax refunds provided, and new fifth tier individual income tax rate established.
Individual income and corporate franchise taxes, certain state aid programs and public finance provisions modifications and appropriation
Income tax rates and brackets modifications provisions