Plain English Breakdown
The plain English breakdown is still being put together. The official documents below are already here.
Straight-ahead summaries built from the official bill text. We keep the source links front and center and leave the decision up to you.
HF4621 • 2026
Minnesota child tax credit amount increased.
This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.
The plain English breakdown is still being put together. The official documents below are already here.
Authors added Rehrauer and Norris
Introduction and first reading, referred to Taxes
Minnesota child tax credit amount increased.
A bill for an act relating to taxation; individual income; increasing the amount of the Minnesota child credit; amending Minnesota Statutes 2024, section 290.0661, subdivisions 3, 7. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: Section 1. Minnesota Statutes 2024, section 290.0661, subdivision 3, is amended to read: Subd. 3. Credit amount. The credit under this section equals deleted text begin $1,750 deleted text end new text begin $2,000 new text end per qualifying child. new text begin EFFECTIVE DATE. new text end new text begin This section is effective for taxable years after December 31, 2025. new text end Sec. 2. Minnesota Statutes 2024, section 290.0661, subdivision 7, is amended to read: Subd. 7. Inflation adjustment. (a) For taxable years beginning after December 31, deleted text begin 2025 deleted text end new text begin 2026 new text end , the commissioner of revenue must annually adjust for inflation the credit amount in subdivision 3 as provided in section 270C.22 . The adjusted amounts must be rounded to the nearest $60. The statutory year is taxable year deleted text begin 2025 deleted text end new text begin 2026 new text end . (b) For taxable years beginning after December 31, 2023, the commissioner of revenue must annually adjust for inflation the phaseout thresholds in subdivision 4, as provided in section 270C.22 . The statutory year is taxable year 2023. new text begin EFFECTIVE DATE. new text end new text begin This section is effective for taxable years after December 31, 2025. new text end