Minnesota SF3738 adopts the federal deduction for qualified tip income, allowing a subtraction for taxable years beginning after December 31, 2028.
Minnesota SF3738 amends state tax law to adopt the federal deduction for qualified tip income. This change allows a subtraction for qualified tips under section 224 of the Internal Revenue Code, effective for taxable years beginning after December 31, 2028. The bill is effective retroactively for taxable years starting after December 31, 2024.
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