Minnesota estate tax exclusion amount increased to $4,000,000 for decedents dying after 2025.

The bill amends Minnesota Statutes to increase the exclusion amount for the taxable estate from $3,000,000 to $4,000,000 for decedents dying after December 31, 2025. This change affects the computation of the Minnesota taxable estate and the estate tax return requirements. The exclusion amount is subtracted from the gross estate to determine the taxable estate. The bill also adjusts the estate tax rates for different estate values. The changes are effective for estates of decedents dying after December 31, 2025.

Minnesota estate tax exclusion amount increased to $4,000,000 for decedents dying after 2025.

The bill amends Minnesota Statutes to increase the exclusion amount for the taxable estate from $3,000,000 to $4,000,000 for decedents dying after December 31, 2025. This change affects the computation of the Minnesota taxable estate and the estate tax return requirements. The exclusion amount is subtracted from the gross estate to determine the taxable estate. The bill also adjusts the estate tax rates for different estate values. The changes are effective for estates of decedents dying after December 31, 2025.