Minnesota SF3739 adopts the federal deduction for qualified overtime compensation in state income tax law.

Minnesota SF3739 amends state income tax law to allow a subtraction for qualified overtime compensation, aligning with the federal deduction under section 225 of the Internal Revenue Code. This change applies retroactively to taxable years beginning after December 31, 2024, and for taxable years starting after December 31, 2028, despite federal code provisions.

Minnesota SF3739 adopts the federal deduction for qualified overtime compensation in state income tax law.

Minnesota SF3739 amends state income tax law to allow a subtraction for qualified overtime compensation, aligning with the federal deduction under section 225 of the Internal Revenue Code. This change applies retroactively to taxable years beginning after December 31, 2024, and for taxable years starting after December 31, 2028, despite federal code provisions.