(a) For purposes of this section the following terms have the meanings given. (b) "Earned income" means the sum of the following, to the extent included in Minnesota taxable income: (1) earned income as defined in section 290.01 , subdivision 33; (2) income received from a retirement pension, profit-sharing, stock bonus, or annuity plan; and (3) Social Security benefits as defined in section 86(d)(1) of the Internal Revenue Code. (c) "Taxable income" means net income as defined in section 290.01, subdivision 19 . (d) "Earned income of lesser-earning spouse" means the earned income of the spouse with the lesser amount of earned income as defined in paragraph (b) for the taxable year minus one-half the amount of the standard deduction under section 290.0123, subdivision 1 , clause (1). A married couple filing a joint return is allowed a credit against the tax imposed under section 290.06 . The credit amount is the difference between the tax on the couple's joint Minnesota taxable income under the rates and income levels in section 290.06, subdivision 2c , paragraph (a), as adjusted for the taxable year by section 290.06, subdivision 2d , and the sum of the tax under the rates and income levels of section 290.06, subdivision 2c , paragraph (b), as adjusted for the taxable year by section 290.06, subdivision 2d , on the earned income of the lesser-earning spouse, and the tax under the rates and income levels of section 290.06, subdivision 2c , paragraph (b), as adjusted for the taxable year by section 290.06, subdivision 2d , on the couple's joint Minnesota taxable income, minus the earned income of the lesser-earning spouse. The commissioner of revenue shall prepare and make available to taxpayers a comprehensive table showing the credit under this section at brackets of earnings of the lesser-earning spouse and joint taxable income. The brackets of earnings shall not be more than $2,000. For a nonresident or part-year resident, the credit must be allocated based on the percentage calculated under section 290.06, subdivision 2c , paragraph (e). [Repealed, 2003 c 127 art 3 s 24 ]
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