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Panel lays over bill clarifying tax treatment of coerced-debt relief for survivors
2371508 · February 19, 2025
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Summary
Senate File 860 would exclude forgiven coerced debt (relief provided under the 2023 coerced-debt law) from taxable income and from income calculations for renter and homeowner refund programs beginning in tax years 2025/2026; committee laid the bill over for the omnibus tax bill.
Senate File 860, carried by Senator Gustafson, would make forgiven coerced debt — debt the courts have determined a survivor of domestic abuse did not voluntarily incur — nontaxable in Minnesota and exclude that forgiven amount from household-income calculations used for the renter's credit…
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