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Senate Counsel, Research and Fiscal Analysis
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Minnesota Senate Bldg.
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95 University Avenue W. Suite 3300
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St. Paul, MN 55155
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(651) 296-4791
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Alexis C. Stangl
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Director
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Senate
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State of Minnesota
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S.F. No. 310 - Subtraction for Service in Armed Forces
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Author:
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Senator Bill Ingebrigtsen
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Prepared By:
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Nora Pollock, Senate Counsel (651/297-8066)
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Date:
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March 19, 2013
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Section 1. [Subtractions from federal taxable income] Provides a Minnesota income tax subtraction for pension or other retirement pay received from the government for service in U.S. Armed Forces, to the extent included in federal taxable income, regardless of whether the individual served in the military. Effective beginning in tax year 2013.
Section 2. [Definitions] Adds a cross-reference to the subtraction authorized in section 1 for purposes of calculating the alternative minimum tax. Effective beginning in tax year 2013.
NBP:dv
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Last review or update: 03/19/2013
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