Minnesota HF3999 establishes a tax subtraction for income earned by taxpayers with three or more children.

Minnesota HF3999 amends the state's tax code to introduce a subtraction for income earned by taxpayers with three or more children. This subtraction applies to income received by taxpayers who have three or more dependents aged 17 or younger in the taxable year. The bill defines "dependent" as those qualifying for an exemption under section 290.0121 and "income" as any income included in adjusted gross income or any amount required to be added to adjusted gross income. This change is effective for taxable years beginning after December 31, 2025.

Minnesota HF3999 establishes a tax subtraction for income earned by taxpayers with three or more children.

Minnesota HF3999 amends the state's tax code to introduce a subtraction for income earned by taxpayers with three or more children. This subtraction applies to income received by taxpayers who have three or more dependents aged 17 or younger in the taxable year. The bill defines "dependent" as those qualifying for an exemption under section 290.0121 and "income" as any income included in adjusted gross income or any amount required to be added to adjusted gross income. This change is effective for taxable years beginning after December 31, 2025.