HF192
Dependent exemption doubled.
False House Legislative Session 94 (2025-2026)Past session
AI Generated Summary
The legislative bill, HF No. 192, proposes to modify the current taxation laws in Minnesota by doubling the exemption amount that taxpayers can claim for each of their dependents. Previously set at $4,250, the new dependent exemption would increase to $10,400. This bill, if passed, would mean taxpayers could reduce their taxable income by a larger amount for each dependent, potentially decreasing the amount of taxes they owe to the state. This change is intended for implementation in the tax codes for the year specified in Minnesota Statutes 2024. The bill has been introduced and referred to the Committee on Taxes for further deliberation.
Actions
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Bill information comes from public records published by the Office of the Revisor of Statutes, the Minnesota House and the Minnesota Senate. AI summaries are written by MinneSlate and are not official. MinneSlate is independent and is not affiliated with the State of Minnesota or the Minnesota Legislature.