Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee hears bill to allow portability of Minnesota estate tax exclusion between spouses
Summary
Senate File 30 would allow surviving spouses to elect to use a deceased spouse’s unused Minnesota estate tax exclusion (portability), aligning state law with federal portability and aiming to help family farms and small businesses; committee laid the bill over for possible inclusion.
Senate File 30, a measure to permit portability of the Minnesota estate tax exclusion between spouses, was presented to the Minnesota Senate Taxes Committee. Sponsor Sen. Karin Nelson described the bill as aligning Minnesota with federal treatment that allows a surviving spouse to elect to use a deceased spouse’s unused federal exclusion. The bill would allow spouses to elect transfer of…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
