Individual income tax subtraction for AmeriCorps stipends and living allowances established.

HF 3792 creates a tax subtraction for Minnesota residents who receive AmeriCorps stipends or living allowances. It specifically excludes from taxable income four types of payments: AmeriCorps volunteer stipends (42 U.S.C. § 4955), National Civilian Community Corps living allowances (42 U.S.C. § 12618), AmeriCorps Seniors stipends (42 U.S.C. §§ 5011, 5013(b)), and National Service Educational Awards (42 U.S.C. §§ 12601-12604). This change reduces the taxable income of eligible AmeriCorps participants in Minnesota. The policy takes effect for tax years beginning after December 31, 2025.