WeVote
Log In

Bill

Bill

HF 2048

Individual income tax; correction of errors regarding the taxable year to which a deductible contribution is attributed required.

2025-2026 Regular Session Introduced by Greg Davids

The bill aims to ensure deductible contributions on Minnesota individual income tax are attributed to the correct taxable year.

Introduction and first reading, referred to Taxes
#taxation-income
0
WeVote Research Nonpartisan
Bill Summary · HF 2048

Summary: HF 2048 — Individual income tax; correction of errors regarding the taxable year to which a deductible contribution is attributed

Overview

HF 2048 is a Minnesota House of Representatives bill introduced on March 10, 2025. The bill’s stated purpose is to address and correct errors in attributing deductible contributions to the correct taxable year for individual income tax purposes. The measure is in the introductory stage and has been referred to the Taxes committee. A Senate companion bill exists, SF 2580.

  • Bill number: HF 2048
  • Title: Individual income tax; correction of errors regarding the taxable year to which a deductible contribution is attributed required
  • Status: Introduction and first reading; referred to Taxes
  • Introduced: March 10, 2025
  • Companion: SF 2580

Purpose and intent

  • The primary aim is to ensure deductible contributions are attributed to the proper taxable year for Minnesota individual income tax.
  • By addressing attribution errors, the bill seeks to prevent or rectify improper deductions that could affect taxpayers’ liability or refunds.

Key provisions (conceptual, as introduced)

  • Establishes a requirement to correct errors in the taxable year attribution for deductible contributions.
  • Applies to individual income tax filings in Minnesota.
  • The exact mechanisms, definitions, and procedures—such as how errors are identified, how corrections are made, and whether amendments or refunds are triggered—will be detailed in the bill’s text and any committee amendments.

Who is affected

  • Minnesota individual income taxpayers who claim deductible contributions on their state income tax returns.
  • The Minnesota Department of Revenue (or its tax processing system) would implement rules and processes to identify, correct, and communicate attribution corrections.

Procedural and timeline aspects

  • Introduction and first reading occurred on March 10, 2025.
  • Status indicates referral to the Taxes committee, where there could be hearings, amendments, and votes.
  • Related legislation: SF 2580 (companion bill in the Senate) signaling potential parallel action in the Senate.
  • If advanced, the bill would move through committee and floor votes before potential enactment; the exact effective date and application to tax years would be specified in the enacted law.

Additional notes

  • As introduced, specific definitions, thresholds, effective dates, retroactivity, and administrative details are not provided. Taxpayers and stakeholders should monitor the Taxes committee for amendments and the full text to understand the concrete implementation and any fiscal implications.
  • For those seeking the latest status, track HF 2048 and its companion SF 2580 as they progress through the Minnesota Legislature.

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

Sign in to ask a question.