Certain charitable contributions itemized deduction exclusion modifications

This bill modifies Minnesota's tax code by excluding charitable contributions from the list of itemized deductions taxpayers can claim. It directly affects high-income individuals (with adjusted gross income over $220,650) who file itemized tax returns and previously deducted charitable donations. The key change removes charitable contributions (under subdivision 4 of section 290.0122) from the calculation of allowable itemized deductions, meaning these donations will no longer reduce taxable income for affected taxpayers. The change takes effect for tax years beginning after December 31, 2024.