SAINT PAUL, Minn.– In Senate floor action Thursday, Senator Aric Putnam(DFL-St. Cloud) successfully motioned to have his bill to fully eliminate the social security tax for seniors and reform state employee pensions, SF 15, brought out of committee and put on general orders. Senator Putnam released the following statement:
“The bill has support from members of both parties, from members who represent cities, suburbs, and rural areas, and it’s been challenged and improved by the committee process. It’s ready. But most important, it speaks to a need felt throughout Minnesota: the need to respect seniors who’ve worked so hard for so long.”
Minnesota is one of eleven states that currently taxes some form of income taxes on social security benefits. The Department of Revenue estimates that eliminating the Social Security tax in Minnesota would affect more than 400,000 tax returns in 2023.
The bill received a vote of 47-19 in favor of the motion and moved to the Senate floor.