Yes. The 2021 Minnesota one-time tax rebate was approved in May 2023. Since payments were sent to taxpayers starting in August and September 2023, some taxpayers who had address or bank account changes received the rebate in 2024. The rebate is taxable for federal purposes, but it is not taxable income for Minnesota. Therefore, TurboTax provided the checkbox to help Minnesotans ensure this rebate was not taxed at the state level.
Here is some more information on the rebate: What is the State of Minnesota 2021 Tax Rebate?