summary
Introduced
01/17/2019
01/17/2019
In Committee
01/17/2019
01/17/2019
Crossed Over
Passed
Dead
05/17/2020
05/17/2020
Introduced Session
91st Legislature 2019-2020
Bill Summary
Social security unlimited income tax subtraction authorization
AI Summary
This bill proposes to amend the existing law to allow taxpayers to subtract the entire amount of Social Security benefits they receive in the taxable year from their taxable income, removing the previous limits on the maximum subtraction amount and the phase-out based on provisional income. The change is effective for taxable years beginning after December 31, 2018.
Committee Categories
Budget and Finance
Sponsors (5)
Last Action
Referred to Taxes (on 01/17/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF0245&ssn=0&y=2019 | 01/17/2019 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=SF245&version=0&session=ls91&session_year=2019&session_number=0&format=pdf | 01/17/2019 |
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