Volunteer firefighter pension income taxation subtraction establishment

Summary

The bill adds a new subtraction to Minnesota’s individual income tax code, letting volunteer firefighter pension income be deducted from taxable earnings. It covers annuity or lump‑sum payments from public retirement plans for volunteers or paid‑on‑call firefighters. The change becomes effective for tax years beginning after Dec. 31, 2025.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share