Minnesota HF1437 modifies the stillbirth individual income tax credit to allow eligible individuals a credit of $2,000 per stillbirth.
Minnesota HF1437 amends the state's tax code to modify the stillbirth individual income tax credit. Eligible individuals, defined as residents or nonresident spouses of armed forces members, can claim a credit of $2,000 for each stillbirth. The credit applies only in the taxable year of the stillbirth and if the child would have been a dependent. Refunds for credits from taxable years between 2016 and 2021 can be filed until January 1, 2026. The changes are effective retroactively for taxable years beginning after December 31, 2015.
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