HF385 — Individual income tax subtraction provided for discharges of indebtedness, and certain discharges of indebtedness excluded from income.

HF385 — Individual income tax subtraction provided for discharges of indebtedness, and certain discharges of indebtedness excluded from income. · Informed CitizenryHF385 proposes changes to Minnesota tax law regarding the treatment of debt forgiveness. The bill creates a new subtraction for the amount of debt forgiveness awarded to a claimant under section 33…Open in Informed Citizenry