Portability of deceased spousal unused exclusion amount and technical changes to Minnesota estate tax provisions.

The bill introduces provisions for the portability of deceased spousal unused exclusion amounts in Minnesota estate tax returns. It allows a surviving spouse to account for the deceased spouse's unused exclusion amount, up to a specified limit. The bill also makes technical changes to the estate tax return requirements and the computation of the Minnesota taxable estate. The changes are effective for estates of decedents dying after December 31, 2024.

Portability of deceased spousal unused exclusion amount and technical changes to Minnesota estate tax provisions.

The bill introduces provisions for the portability of deceased spousal unused exclusion amounts in Minnesota estate tax returns. It allows a surviving spouse to account for the deceased spouse's unused exclusion amount, up to a specified limit. The bill also makes technical changes to the estate tax return requirements and the computation of the Minnesota taxable estate. The changes are effective for estates of decedents dying after December 31, 2024.