This bill amends Minnesota Statutes 2024, section 290.0132, by adding a new subdivision that establishes an income tax subtraction for expenses related to parking at eligible health facilities. Specifically, it allows taxpayers to subtract eligible health facility parking expenses that exceed $100. The bill defines key terms such as "eligible family member," "eligible health facility," "eligible health facility parking expenses," and "eligible patient," outlining who qualifies for the subtraction and under what circumstances.

Additionally, the bill specifies that certain amounts are excluded from this subtraction, including those deducted as medical expenses, paid or reimbursed from health savings accounts or flexible spending arrangements, and any amounts for which the taxpayer has been reimbursed by an employer. The effective date for this new provision is set for taxable years beginning after December 31, 2024.

Statutes affected:
Introduction: 290.0132