Scholarships, dependent flexible spending accounts, and health spending accounts exclusion from the income definition used by the homestead credit refund program provision

Summary

The legislation amends Minnesota law to treat scholarship or fellowship grants, dependent care assistance, and contributions to health flexible spending arrangements as nontaxable for the purpose of calculating the homestead credit refund. This change lowers the reported income of eligible homeowners, potentially increasing their refund amounts. It affects anyone who files for the homestead credit refund and receives any of these excluded benefits.

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