Internal Revenue Code conformed to the federal exclusion from gross income for employer student loan payments.

Also relevant to:Student / education borrower

Where it is in the process

Plain-English Summary

This bill updates Minnesota's tax law to match a federal change. It allows employers to pay off employees' student loans, and those payments will not be counted as taxable income for the employee. This change would apply to payments made starting from the date the federal law took effect.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text

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