Minnesota taxable estate amount increased exclusion provision

Summary

The bill increases the amount of an estate that is exempt from Minnesota estate tax to $4 million for any decedent who died after Dec. 31, 2025. It also changes the formula used to compute the taxable estate, raising the overall subtraction limit from $5 million to $6 million (minus the exemption). The changes apply to estates that would otherwise have to file a Minnesota estate‑tax return.

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