Minnesota bill allows 18-year-old children to qualify for the Minnesota child credit.

Minnesota HF2302 amends the state's tax code to allow 18-year-old children to qualify for the Minnesota child credit. This change modifies the definition of "child" to include those who have attained the age of 18 in the taxable year, aligning with the Internal Revenue Code's definition of a "qualifying child." The bill also specifies that section 32(m) of the Internal Revenue Code does not apply to this qualification. This change is effective for taxable years beginning after December 31, 2024.

Minnesota bill allows 18-year-old children to qualify for the Minnesota child credit.

Minnesota HF2302 amends the state's tax code to allow 18-year-old children to qualify for the Minnesota child credit. This change modifies the definition of "child" to include those who have attained the age of 18 in the taxable year, aligning with the Internal Revenue Code's definition of a "qualifying child." The bill also specifies that section 32(m) of the Internal Revenue Code does not apply to this qualification. This change is effective for taxable years beginning after December 31, 2024.