Income tax subtraction for certain expenditures for medical care and health insurance authorization

This bill allows Minnesota taxpayers to subtract certain out-of-pocket medical expenses and health insurance costs from their taxable income. It directly affects residents who pay for qualifying medical care (like services covered by Medicaid) or health insurance premiums, excluding amounts already reimbursed by insurance, employer plans, or used for other tax credits. The key provision defines "medical care" broadly to include services eligible for Medicaid matching and standard health insurance as defined by federal law. The change applies to tax returns filed for years beginning after December 31, 2024.