Individual income tax conformed to federal exclusion from gross income for dependent care assistance programs.

This bill updates Minnesota's state tax code to align with recent federal changes regarding dependent care assistance programs. It directly affects Minnesota taxpayers who receive employer-provided dependent care benefits by ensuring their state tax treatment matches federal rules. The key provision amends the state's definition of the Internal Revenue Code to include new federal exclusions for dependent care assistance, with changes applying retroactively to when the federal law took effect. This adjustment ensures Minnesota residents do not pay state tax on dependent care assistance that is already excluded from federal taxable income.