Minnesota SF1792 provides a subtraction for income earned by certain family child care providers for tax purposes.

Minnesota SF1792 amends state tax laws to provide a subtraction for income earned by family child care providers who are licensed under specific state statutes and rules. This subtraction applies to taxable years beginning after December 31, 2024. The bill modifies definitions and provisions in relevant sections of the Minnesota Statutes to include this new subtraction for family child care provider income.

Minnesota SF1792 provides a subtraction for income earned by certain family child care providers for tax purposes.

Minnesota SF1792 amends state tax laws to provide a subtraction for income earned by family child care providers who are licensed under specific state statutes and rules. This subtraction applies to taxable years beginning after December 31, 2024. The bill modifies definitions and provisions in relevant sections of the Minnesota Statutes to include this new subtraction for family child care provider income.