Minnesota legislation · 94th Legislature 2025-2026
Minnesota SF4830: Subtraction for certain medals and prizes provision
Status: In committee, March 25, 2026
What the bill says
A bill for an act relating to taxation; individual income; providing a subtraction for certain medals and prizes; amending Minnesota Statutes 2024, section 290.0132, by adding a subdivision; Minnesota Statutes 2025 Supplement, section 290.091, subdivision 2.
From the introduced text, March 24, 2026:
A bill for an act relating to taxation; individual income; providing a subtraction for certain medals and prizes; amending Minnesota Statutes 2024, section 290.0132, by adding a subdivision; Minnesota Statutes 2025 Supplement, section 290.091, subdivision 2. Section 1. Minnesota Statutes 2024, section 290.0132, is amended by adding a subdivision to read: new text begin [ADDED: Subd. 40.] new text end new text begin [ADDED: Medals and prizes.] new text end new text begin [ADDED: The value of any medal awarded in or any prize money received from the United States Olympic Committee on account of competition in the Olympic Games or Paralympic Games is a subtraction.] new text end new text begin [ADDED: EFFECTIVE DATE.] new text end new text begin [ADDED: This section is effective for taxable years beginning after December 31, 2025.] new text end Sec. 2. Minnesota Statutes 2025 Supplement, section 290.091, subdivision 2, is amended to read: Subd. 2. Definitions. For purposes of the tax imposed by this section, the following terms have the meanings given. (a) "Alternative minimum taxable income" means the sum of the following for the taxable year: (1) the taxpayer's federal alternative minimum taxable income as defined in section 55(b)(1)(D) of the Internal Revenue Code; (2) the taxpayer's itemized deductions allowed in computing federal alternative minimum taxable income, but (ii) the medical …
Sponsors
- Nathan Wesenberg (R) · primary sponsor
- Bill Lieske (R)
- Michael W. Holmstrom (R, 29)
- Eric Lucero (R)
- John Hoffman (D)
Latest actions
- : Referred to Taxes
- : Introduction and first reading
Common questions
- What is SF4830?
- SF4830 is a bill in the Minnesota Legislature (94th Legislature 2025-2026): Subtraction for certain medals and prizes provision.
- What does SF4830 do?
- In its own words: A bill for an act relating to taxation; individual income; providing a subtraction for certain medals and prizes; amending Minnesota Statutes 2024, section 290.0132, by adding a subdivision; Minnesota Statutes 2025 Supplement, section 290.091, subdivision 2.
- What is the status of SF4830?
- In committee as of March 25, 2026. Latest action: Referred to Taxes (March 25, 2026).
- Who sponsored SF4830?
- Nathan Wesenberg (R), with 4 co-sponsors.
- Where is the official record for SF4830?
- On the Minnesota Legislature website: https://www.revisor.mn.gov/bills/bill.php?f=SF4830&y=2025&ssn=0&b=senate
Source: official Minnesota record. Tracked by Delilah, AI for legislation across all 50 states and Congress.