Taxes

Senate Majority Leader Erin Murphy, Senate Taxes Chair Ann Rest Highlight Most Equitable Tax System in All 50 States

ST. PAUL, Minn. – Senate Majority Leader Erin Murphy (DFL-St. Paul) and Senate Taxes Chair Ann Rest (DFL-New Hope) said today that changes implemented last year, have produced the most equitable tax system in the country, with the lowest burden on low- and middle-income earners of all 50 states, according to a national study by the Institute on Taxation and Economic Policy.

Social Security Tax Elimination Heard in Senate Taxes Committee

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.