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HF4586 • 2026

Federal deduction for qualified overtime compensation adopted.

Federal deduction for qualified overtime compensation adopted.

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Myers, Backer, Schwartz
Last action
2026-03-25
Official status
Authors added Backer and Schwartz
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Federal deduction for qualified overtime compensation adopted.

Federal deduction for qualified overtime compensation adopted.

What This Bill Does

  • Federal deduction for qualified overtime compensation adopted.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-03-25 House

    Authors added Backer and Schwartz

  2. 2026-03-23 House

    Introduction and first reading, referred to Taxes

Official Summary Text

Federal deduction for qualified overtime compensation adopted.

Current Bill Text

Read the full stored bill text 
A bill for an act

relating to taxation; individual income; adopting the federal deduction for qualified

overtime compensation; amending Minnesota Statutes 2024, section 290.0132, by

adding a subdivision.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2024, section 290.0132, is amended by adding a subdivision

to read:

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Subd. 40.

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Overtime income.

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(a) The amount of qualified overtime compensation allowed

as a deduction under section 225 of the Internal Revenue Code is a subtraction.

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(b) Notwithstanding section 225, paragraph (g), of the Internal Revenue Code, the

subtraction under this subdivision is allowed for taxable years beginning after December

31, 2028.

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EFFECTIVE DATE.

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This section is effective retroactively for taxable years beginning

after December 31, 2024.

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