Bills Would Expand MN Tourism and Help Restore State’s Historic Structures
ST. PAUL, Minn. – Senate Tax Chair Ann Rest (DFL-New Hope) said today that the Tax Committee has approved the first two bills that will be included in the Senate tax bill this year.
SAINT PAUL, Minn. – On Thursday, the Minnesota Senate Taxes Committee heard Senator Aric Putnam’s bill (SF 15) to eliminate 100% of the tax on Social Security benefits. It would also reform taxes on pension income of state employees who are not eligible to participate in the social security system, which includes first responders, police officers, firefighters, and some teachers across the state.
Bill Heading to Governor’s Desk Will Allow Individuals, Businesses Across State to Take Advantage $100 Million in Tax Cuts This Year
Senate DFLers said the Republican tax bill that was pushed through the Senate today denies tax cuts to more than 540,000 Minnesota taxpayers because they don’t earn enough, while at the same time sending hundreds of millions of dollars in tax breaks each year to the wealthiest Minnesotans.
Senate DFLers said the Republican tax bill that was pushed through the Senate today denies tax cuts to more than 540,000 Minnesota taxpayers because they don’t earn enough, while at the same time sending hundreds of millions of dollars in tax breaks each year to the wealthiest Minnesotans.
The 2021 special session convened yesterday to finish up the state budget agreements before the deadline of July 1. The agreed-upon budget bill for Taxes has been released already. The spreadsheet information can be found here.