Minnesota SF1554 proposes a tax credit for individual taxpayers with children attending nonpublic schools for at least one semester.

Minnesota SF1554 introduces a tax credit for individual taxpayers with qualifying children attending nonpublic schools for at least one semester. The credit amount is based on the number of qualifying students. A qualifying student is defined as the taxpayer's child receiving full-time academic instruction in a nonpublic school. The credit is limited to the taxpayer's liability for the tax year and cannot be used to offset delinquent tax liabilities or penalties.

Minnesota SF1554 proposes a tax credit for individual taxpayers with children attending nonpublic schools for at least one semester.

Minnesota SF1554 introduces a tax credit for individual taxpayers with qualifying children attending nonpublic schools for at least one semester. The credit amount is based on the number of qualifying students. A qualifying student is defined as the taxpayer's child receiving full-time academic instruction in a nonpublic school. The credit is limited to the taxpayer's liability for the tax year and cannot be used to offset delinquent tax liabilities or penalties.