HF756
Dependent exemption doubled.
Legislative Session 94 (2025-2026)
AI Generated Summary
This bill proposes to double the amount of money that taxpayers in Minnesota can deduct from their taxable income for each dependent they have. Currently, each dependent allows a taxpayer to deduct $4,250, but under this new bill, the amount would increase to $10,400 per dependent. This change aims to reduce the tax burden on families by increasing the dependent exemption.
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| February 13, 2025 | House | Action | Introduction and first reading, referred to | Taxes | |
| February 19, 2025 | House | Action | Author added |
Citations
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Progress through the legislative process
In Committee