Ten-year phaseout of the estate tax provided.

HF 170 phases out Minnesota's estate tax over a ten-year period, beginning July 1, 2025, and ending June 30, 2034. It directly affects estates of individuals who die after June 30, 2025, by gradually reducing tax rates. The bill requires annual reductions of 1.6 percentage points to the tax brackets until rates reach zero, with adjustments to bracket amounts also phased out. This creates a structured, predictable transition to eliminating the estate tax without immediate impact on current taxpayers. The effective date is set for estates of decedents dying after June 30, 2025.