Federal exclusion conformation from gross income for employer contributions to Trump accounts

This bill updates Minnesota's tax code to align with a new federal provision that excludes employer contributions to Trump accounts from employees' gross income. It amends Minnesota Statutes section 290.01, subdivision 31 to explicitly include this federal exclusion in the state's definition of the Internal Revenue Code. The law takes effect the day after final passage, with retroactive application to match the federal effective date. This change ensures Minnesota taxpayers are treated consistently with federal tax rules regarding these specific employer contributions.