This bill amends Minnesota Statutes 2024, section 290.0685, to modify the stillbirth credit available to eligible individuals. The credit is set at $2,000 for each stillbirth, which is defined as a birth for which a fetal death report would be required if the birth occurred in Minnesota. The eligibility criteria have been clarified to include residents and the nonresident spouses of military members, as well as individuals who gave birth resulting in stillbirth and are listed on the certificate of birth. The bill also establishes a new subdivision that provides definitions for key terms related to the stillbirth credit.

Additionally, the bill allows for retroactive application of these changes for taxable years beginning after December 31, 2015, and permits claims for refunds related to the amended credits to be filed until January 1, 2026, for the specified taxable years. This aims to ensure that individuals affected by the changes can receive the benefits retroactively, thereby providing financial support to those who have experienced stillbirths during the specified timeframe.

Statutes affected:
Introduction: 290.0685