Minnesota SF1603 establishes an income tax subtraction for parking expenses at eligible health facilities.

Minnesota SF1603 amends the state's tax code to introduce a subtraction for eligible health facility parking expenses. This subtraction applies to amounts exceeding $100 paid for parking at hospitals, outpatient surgical centers, physician offices, medical or dental clinics, or birth centers. Eligible parking expenses include those for patients, visitors, and employees. The bill excludes certain reimbursements, such as those from health savings accounts or flexible spending arrangements. This provision is effective for taxable years beginning after December 31, 2024.

Minnesota SF1603 establishes an income tax subtraction for parking expenses at eligible health facilities.

Minnesota SF1603 amends the state's tax code to introduce a subtraction for eligible health facility parking expenses. This subtraction applies to amounts exceeding $100 paid for parking at hospitals, outpatient surgical centers, physician offices, medical or dental clinics, or birth centers. Eligible parking expenses include those for patients, visitors, and employees. The bill excludes certain reimbursements, such as those from health savings accounts or flexible spending arrangements. This provision is effective for taxable years beginning after December 31, 2024.