Minnesota child tax credit amount increased.

This bill increases Minnesota's child tax credit from $1,750 to $2,000 per qualifying child for taxable years after December 31, 2025. It also requires the state revenue commissioner to annually adjust both the credit amount and phaseout thresholds for inflation starting in 2026, with adjustments rounded to the nearest $60. The changes directly affect Minnesota residents who file state income tax returns and claim the child credit for their dependents.