Minnesota taxpayers would add back deductions for consumer drug marketing

Taxpayers would add covered federal marketing deductions back to income when calculating Minnesota taxes. The rule would cover expenses deducted under federal business-expense rules for Minnesota individual income and corporate franchise taxes. The marketing must target U.S. consumers and aim to promote the use, purchase, or prescription of prescription drugs or biologic treatments. Covered marketing includes advertising, patient outreach, and disease awareness campaigns. The outreach and campaigns must be funded by a drug manufacturer and linked to a specific product. Both provisions would apply to tax years beginning after December 31, 2026.