Senate Taxes Committee Chair Ann Rest Says New Measure to Speed up Child Tax Credit Benefits for Families Across Minnesota Approved by Taxes Committee

Bill Also Cuts $33 Million in Costs for Community Construction Projects Across Minnesota

ST. PAUL, Minn. – Senate Taxes Committee Chair Ann Rest (DFL-New Hope) said the committee today approved a measure to speed up Child Tax Credit (CTC) benefits for eligible Minnesota families, enabling them to receive some of the funds during the year instead of having to wait until the following year when they file their taxes.  The bill also reduces construction costs for communities across the state that are building schools, city halls and public arenas.

In 2023, the legislature enacted a nation-leading tax bill that implemented a new $1,750 per child CTC that is expected to cut child poverty by one-third. 

“Minnesotans are now experiencing the benefits enacted by the Legislature last year, including a nation-leading Child Tax Credit that is helping hundreds of thousands of children across the state and cutting our state’s child poverty rate by one-third,” said Senator Rest. “The action taken today will ensure that families can get the benefits during the year to help them meet basic needs.”

On Wednesday, Minnesota Revenue Commissioner Paul Marquart told Senator Rest and members of the Senate Taxes Committee that about $506 million in CTC benefits have already gone out to families across the state, benefitting about 407,000 children, with an average credit per family of about $2500 this tax season.

Delivering Millions in Tax Relief to MN Communities Constructing Schools, City Halls, Public Arenas

Senator Rest said the bill also delivers $33 million in tax relief to communities across the state by picking up the state’s sales tax tab on construction projects at schools, city halls, and public arenas in 32 Minnesota communities. 

The bill will now move to the Senate floor.

Ann Rest represents District 43, which includes portions of the western suburbs of Hennepin County in the Twin Cities metro area.

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