Individual income tax subtraction for firefighter pension income established.

This bill creates a tax subtraction for firefighter pension income in Minnesota, allowing eligible individuals to reduce their taxable income by the amount of pensions received from firefighting service. It directly affects firefighters who receive annuity income or lump-sum payments from public retirement plans based on their firefighting work. The key provision adds a new subdivision to Minnesota tax law that defines firefighter pension income and establishes it as a deductible amount on individual income tax returns. The change will take effect for tax years beginning after December 31, 2025, meaning firefighters will benefit from this tax relief starting in the 2026 tax year.