The Minnesota State legislature has changed the estate tax exemption for 2017 and beyond.  The old law states that Minnesota estates that were valued at over $1.8 million dollars had to file an estate state tax return in Minnesota, with the potential payments to the State at an estate tax rate of 16%.  Under the new tax bill that was enacted, the exemption amount for 2017 was retroactively adjusted back to January 1, 2017 to $2.1 million dollars.  The exemption amount is targeted for $2.4 million in 2018, $2.7 million in 2019 and $3 million dollars for years beginning January 1, 2020 and beyond.