Minnesota HF323 establishes an income tax subtraction for parking expenses at health facilities, excluding certain reimbursements.

Minnesota HF323 amends the state's tax code to introduce a subtraction for parking expenses at eligible health facilities, such as hospitals and outpatient surgical centers. This subtraction applies to amounts exceeding $100 paid by eligible patients, visitors, or employees. However, it excludes expenses deducted as medical expenses, reimbursed from health savings or flexible spending accounts, or reimbursed by an employer. This provision takes effect for taxable years beginning after December 31, 2024.

Minnesota HF323 establishes an income tax subtraction for parking expenses at health facilities, excluding certain reimbursements.

Minnesota HF323 amends the state's tax code to introduce a subtraction for parking expenses at eligible health facilities, such as hospitals and outpatient surgical centers. This subtraction applies to amounts exceeding $100 paid by eligible patients, visitors, or employees. However, it excludes expenses deducted as medical expenses, reimbursed from health savings or flexible spending accounts, or reimbursed by an employer. This provision takes effect for taxable years beginning after December 31, 2024.