Taxes

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.

2021 Tax Budget Bill is agreed upon

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.