Minnesota

For Minnesota, section 179 conformity is conforms; state section 179 cap is federal limit applies (full conformity beginning tax year 2020); state section 179 phase-out is federal phase-out applies; bonus depreciation conformity is decouples — requires add-back; add-back rule is Taxpayers must add back 80% of the federal depreciation bonus to their Minnesota return in the first year and then 20% of the addback amount can be subtracted in each of the next 5 years, recorded from its source on 2026-08-15; source re-checked 2026-10-01.

Values marked our reading are our classification of what the source says — the source does not print them in those words. The quote below is the evidence for each one; judge it yourself.

What the source says

State Follows Bonus Depreciation-TCJA of 2017 : No Minnesota does not conform to the Tax Cuts and Jobs Act provision that provides a 100% first-year deduction for the adjusted basis is allowed for qualified property acquired and placed in service after September 27, 2017, and before January 1, 2023. Taxpayers must add back 80% of the federal depreciation bonus to their Minnesota return in the first year and then 20% of the addback amount can be subtracted in each of the next 5 years. State Follows IRC § 179-TCJA of 2017: Yes Minnesota fully conforms to the Tax Cuts and Jobs Act provision that increases the maximum amount a taxpayer may expense under IRC Section 179 to $1 million, increases the phase-out threshold amount to $2.5 million, and provides for indexing for inflation

— accountants.intuit.com, retrieved 2026-08-15

Source

• accountants.intuit.comhttps://accountants.intuit.com/support/en-us/help-article/asset-depreciation/state-conformity-special-depreciation-allowance/L27kRyetJ_US_en_US

Last verified against source: 2026-10-01. Due for re-check by 2027-08-15. This page as Markdown · OKF bundle · full dataset as JSON.