Senator Ann Rest Says Bill to Speed up Child Tax Credit Benefits for MN Families Clears Senate

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

ST. PAUL, Minn. – Senator Ann Rest (DFL-New Hope) said the Senate has passed a nation-leading 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 by $33 million construction costs for communities across the state that are building schools, city halls and public arenas.

In 2023, the legislature enacted a tax bill that implemented a new $1,750-per-child CTC that is expected to cut child poverty by one-third across Minnesota.  To date more than $510 million in CTC benefits have already gone out to families across the state, benefitting about 411,000 children, with an average credit per family of nearly $2,500 this tax season.

“Because of the tax legislation the Legislature enacted last year, Minnesota families have already claimed more than half a billion dollars in CTC benefits, pulling hundreds of thousands of children out of poverty. That is fantastic for families across the state.” said Senator Rest, who chairs the Senate Taxes Committee. “By passing this bill today we are helping ensure that families can get CTC benefits during the year to help them meet basic needs.”

$33 Million in Tax Relief for 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 Senate bill will now move to a House-Senate conference committee, where a final bill will be negotiated.

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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