Minnesota SF668 modifies the subtraction for National Guard and reserve compensation for tax purposes.
Minnesota SF668 amends the subtraction for National Guard and reserve compensation for individual income tax purposes. It specifies that compensation paid to members of the Minnesota National Guard, the National Guard of neighboring states, or other reserve components of the United States military for active service, including the Active Guard Reserve (AGR) program, is a subtraction. This change is effective for taxable years beginning after December 31, 2024.
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