summary
Introduced
03/25/2019
03/25/2019
In Committee
03/25/2019
03/25/2019
Crossed Over
Passed
Dead
05/17/2020
05/17/2020
Introduced Session
91st Legislature 2019-2020
Bill Summary
Tax rates and brackets modified.
AI Summary
This bill modifies the tax rates and brackets for individuals, estates, and trusts in Minnesota. It increases the income thresholds for the different tax brackets and adds a new top tax rate of 14% on income over $500,000 for married couples filing jointly and $250,000 for single filers. The bill also makes adjustments to the income thresholds for other filing statuses, such as heads of household. These changes are effective for taxable years beginning after December 31, 2018.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Introduction and first reading, referred to Taxes (on 03/25/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF2678&ssn=0&y=2019 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=HF2678&version=0&session=ls91&session_year=2019&session_number=0&format=pdf |
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