Individual income tax; correction of errors regarding the taxable year to which a deductible contribution is attributed required.

HF 2048 corrects errors in attributing retirement contributions to the wrong tax year for Minnesota individual income tax purposes. It requires annuity providers to treat eligible contributions made by the IRS deadline as belonging to the *previous* tax year if the individual notifies them within three years of the original tax return due date. This applies only to notifications received for contributions made in 2023, with retroactive effect for that year. The bill directly affects individuals making retirement contributions and the annuity providers handling those contributions.