SF4903 (Legislative Session 94 (2025-2026))
Volunteer firefighter pension income taxation subtraction establishment
Related bill: HF4573
AI Generated Summary
Purpose
This bill would create a tax subtraction for volunteer firefighter pension income, reducing Minnesota taxable income for eligible individuals.
Main provisions
- Adds a new subdivision (Subd. 40) to Minnesota Statutes 2024 section 290.0132, titled “Volunteer firefighter pensions.”
- The subtraction: The amount of volunteer firefighter pension income is subtracted from Minnesota taxable income.
- Who counts as a “volunteer firefighter” for this purpose:
- a volunteer firefighter as defined in section 424A.001 subdivision 10
- a paid on-call firefighter as defined in section 424A.001 subdivision 10a
- or a volunteer firefighter as defined in section 353G.01 subdivision 15
- What counts as “volunteer firefighter pension income”: annuity income or a lump-sum payment from a public retirement plan based on service as a volunteer firefighter.
Significance and scope
- Establishes a tax subtraction specifically for income from volunteer firefighter pensions.
- Broadens eligibility by including paid on-call firefighters in the definition of who qualifies.
- Clarifies that pension income must come from a public retirement plan and be based on service as a volunteer firefighter.
Effective date
- The text provided does not specify when the subtraction would take effect.
Note on terminology
- Key terms to understand: volunteer firefighter, paid on-call firefighter, volunteer firefighter pension income, subtraction, annuity income, lump-sum payment, public retirement plan.
Relevant Terms - volunteer firefighter - paid on-call firefighter - volunteer firefighter pension income - subtraction - Minnesota Statutes 2024 section 290.0132 - Subd. 40 - annuity income - lump-sum payment - public retirement plan - section 424A.001 subdivision 10 - section 424A.001 subdivision 10a - section 353G.01 subdivision 15
Bill text versions
- Introduction PDF PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| March 26, 2026 | Senate | Action | Introduction and first reading | ||
| March 26, 2026 | Senate | Action | Referred to | Taxes |
Citations
[
{
"analysis": {
"added": [
"Subd. 40 Volunteer firefighter pensions: establishes a subtraction from taxable income for volunteer firefighter pension income.",
"Defines 'volunteer firefighter' as including those defined in 424A.001 Subd. 10, a paid on-call firefighter defined in 424A.001 Subd. 10a, or a volunteer firefighter defined in 353G.01 Subd. 15.",
"Defines 'volunteer firefighter pension income' as annuity income or a lumpsum payment from a public retirement plan based on service as a volunteer firefighter."
],
"removed": [],
"summary": "Adds Subd. 40 to Minnesota Statutes 2024 section 290.0132 to provide a subtraction for volunteer firefighter pension income.",
"modified": []
},
"citation": "290.0132",
"subdivision": "Subd. 40"
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "References 424A.001 Subd. 10 to identify who is a volunteer firefighter for the purposes of Subd. 40 added to 290.0132.",
"modified": []
},
"citation": "424A.001",
"subdivision": "Subd. 10"
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "References 424A.001 Subd. 10a to define a paid on-call firefighter for the purposes of Subd. 40 added to 290.0132.",
"modified": []
},
"citation": "424A.001",
"subdivision": "Subd. 10a"
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "References 353G.01 Subd. 15 to define a volunteer firefighter for the purposes of Subd. 40 added to 290.0132.",
"modified": []
},
"citation": "353G.01",
"subdivision": "Subd. 15"
}
]Progress through the legislative process
In Committee