Minnesota SF1194 provides a tax credit for certain instructional expenses for qualifying children.

Minnesota SF1194 introduces a tax credit for individual income related to certain instructional expenses. The credit is available to Minnesota residents and is calculated based on the credit allowance, multiplied by the number of qualifying children. A "qualifying child" is defined as a child in kindergarten through grade 12 who meets specific Internal Revenue Code requirements and receives instruction from a Minnesota school other than a public school. This provision is effective for taxable years beginning after December 31, 2024.

Minnesota SF1194 provides a tax credit for certain instructional expenses for qualifying children.

Minnesota SF1194 introduces a tax credit for individual income related to certain instructional expenses. The credit is available to Minnesota residents and is calculated based on the credit allowance, multiplied by the number of qualifying children. A "qualifying child" is defined as a child in kindergarten through grade 12 who meets specific Internal Revenue Code requirements and receives instruction from a Minnesota school other than a public school. This provision is effective for taxable years beginning after December 31, 2024.