The Minnesota Department of Revenue (DOR) published updates regarding changes to the state’s tax code from the 2025 legislative session. Key changes effective in 2025 or later include: 1) new income tax subtractions for certain types of debt forgiveness income, foreign service retirement income, and union stipend payments for some workers; 2) modifications to tax credits like the Research Activities credit and Beginning Farmer credit; 3) exemptions and rate changes for certain sales/excise taxes; and 4) filing requirement changes for estates and alcohol producers. [Minn. Dep’t of Revenue, Tax Law Changes Press Release, 11/03/25]
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