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A bill for an act
relating to taxation; individual income; establishing a subtraction for AmeriCorps
stipends and living allowances; amending Minnesota Statutes 2024, section
290.0132, subdivision 16.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
Minnesota Statutes 2024, section 290.0132, subdivision 16, is amended to read:
Subd. 16.
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AmeriCorps living allowances and stipends;
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national service educational
awards.
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The following amounts are a subtraction:
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(1) a stipend paid to an AmeriCorps volunteer under United States Code, title 42, section
4955;
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(2) a living allowance provided to a National Civilian Community Corps volunteer under
United States Code, title 42, section 12618;
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(3) a stipend paid to an AmeriCorps Seniors volunteer under United States Code, title
42, sections 5011 and 5013(b); and
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(4) a
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national service educational
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awards
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award
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received from the National Service Trust
under United States Code, title 42, sections 12601 to 12604, for service in an approved
Americorps National Service program
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are a subtraction
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.
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EFFECTIVE DATE.
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This section is effective for taxable years beginning after December
31, 2025.
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