Advance payment of the education credit established, education credit assignments disallowed, and report on delivering advance payments using an electronic benefits transfer card required.

HF 779 creates a new option for Minnesota taxpayers to receive half of their education credit amount as an advance payment before filing their annual tax return. It directly affects taxpayers who qualify for the education credit, particularly those with qualifying children, by allowing early access to funds (up to $750 per child) while requiring them to certify awareness that insufficient education expenses could increase their tax liability. The bill also prohibits transferring or selling education credits to others (disallowing credit assignments) and mandates a 2027 report evaluating the feasibility of delivering these advance payments via electronic benefits transfer (EBT) cards, including cost analysis and pros/cons. These changes amend Minnesota's tax code to modify how education credits are distributed and administered.