As of July 1, 2013, Minnesota becomes only the second state to impose a state gift tax. (Connecticut is the other state with such a tax.) The tax affects Minnesota residents who make gifts and out-of-staters who give away valuable Minnesota property.
The Minnesota tax affects only gifts that are also subject to federal gift tax, which means that most ordinary gifts will not be taxable. And everyone will have a $1 million lifetime exemption from the tax. So unless you make more than $1 million in taxable gifts, you won’t owe any gift tax.