Minnesota HF779 allows advance payments of the education credit, disallows education credit assignments, and mandates a report on using electronic.

Minnesota HF779 amends the state's tax code to allow taxpayers to elect advance payments of up to $750 per qualifying child for the education credit, provided they certify awareness of potential tax liability increases if expenses are insufficient. The bill disallows assignments of education credits, meaning taxpayers cannot assign their credits to financial institutions or qualifying organizations.

Minnesota HF779 allows advance payments of the education credit, disallows education credit assignments, and mandates a report on using electronic.

Minnesota HF779 amends the state's tax code to allow taxpayers to elect advance payments of up to $750 per qualifying child for the education credit, provided they certify awareness of potential tax liability increases if expenses are insufficient. The bill disallows assignments of education credits, meaning taxpayers cannot assign their credits to financial institutions or qualifying organizations.