Minnesota child credit amount increase

This bill proposes increasing the Minnesota child credit from $1,750 to $2,000 for each qualifying child. It also establishes a new rule requiring the state revenue commissioner to adjust this credit amount annually for inflation starting in 2026, with adjustments rounded to the nearest $60. These changes will apply to tax years beginning after December 31, 2025, directly affecting Minnesota residents who claim the credit on their state income tax returns.