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HF 310

Dependent care individual income tax credit expanded.

2025-2026 Regular Session Introduced by Andrew Myers and 2 co-sponsors

HF 310 increases Minnesota's tax credit for dependent care expenses, reducing taxes for families paying for childcare or elder care services.

Author added Zeleznikar
#taxation-income
0
WeVote Research Nonpartisan
Bill Summary · HF 310

Legislative bill overview

HF 310 expands Minnesota's dependent care individual income tax credit, making it more generous or accessible to taxpayers who pay for childcare, elder care, or other dependent care expenses. The bill modifies existing tax code provisions governing how much credit eligible taxpayers can claim against their state income tax liability.

Why is this important

Dependent care credits directly reduce the after-tax cost of childcare and elder care, addressing two major household expenses that significantly impact workforce participation—particularly for secondary earners and caregivers. Changes to credit generosity affect family budgets, may influence labor force decisions, and shift the tax burden between families with and without dependent care costs.

Potential points of contention

  • Fiscal cost: Expanding the credit reduces state tax revenue; legislators will debate whether the state can afford this and what services might be reduced
  • Equity concerns: Critics may argue the credit disproportionately benefits higher-income households (who can afford care) while lower-income families might need direct subsidy programs instead
  • Design details: The bill's specifics are unclear from this summary—it could expand eligibility, increase credit percentages, raise income limits, or broaden what expenses qualify, each with different distributional effects

Compiled from official sources — confirm details with the bill’s official record.

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