Credit provision for certain instructional expenses

SF 1194 creates a Minnesota income tax credit for residents with children in K-12 non-public schools meeting specific criteria. It provides a credit equal to a set "credit allowance" multiplied by the number of qualifying children, defined as those meeting IRS requirements and receiving instruction from eligible private or religious schools in Minnesota. The credit applies to taxable years beginning after December 31, 2024. This directly affects Minnesota families enrolled in qualifying non-public K-12 schools, offering a tax reduction based on the number of eligible children. The bill does not change public school funding or eligibility for public school students.