This bill amends Minnesota Statutes 2024, section 290.0132, by adding a new subdivision that establishes an income tax subtraction for employee student loan payments made by critical access dental clinics. Specifically, it defines "critical access dental clinic" and "student loan educational assistance payments," allowing employees of these clinics to subtract the amount of student loan educational assistance they receive from their taxable income. The bill aims to provide financial relief to employees working in critical access dental clinics by recognizing the employer's contributions towards their student loan payments.

The new legal language includes definitions and stipulations regarding the student loan educational assistance payments, which must exceed certain limits set by the Internal Revenue Code. The effective date for this provision is specified as taxable years beginning after December 31, 2025. This initiative is designed to support the workforce in the dental sector, particularly in underserved areas, by alleviating the burden of student loan debt.

Statutes affected:
Introduction: 290.0132