summary
Introduced
02/18/2020
02/18/2020
In Committee
02/18/2020
02/18/2020
Crossed Over
Passed
Dead
05/17/2020
05/17/2020
Introduced Session
91st Legislature 2019-2020
Bill Summary
Social Security unlimited subtraction allowed.
AI Summary
This bill removes the current limits and phaseouts on the amount of Social Security benefits that can be subtracted from a taxpayer's taxable income. Under the current law, there are maximum subtraction amounts and income thresholds that reduce the subtraction. This bill eliminates those limits, allowing taxpayers to subtract the full amount of their taxable Social Security benefits from their taxable income, regardless of their income level. The change is effective for tax years beginning after December 31, 2019.
Committee Categories
Budget and Finance
Sponsors (24)
Joe McDonald (R)*,
Dave Baker (R),
Brian Daniels (R),
Lisa Demuth (R),
Bob Dettmer (R),
Pat Garofalo (R),
Glenn Gruenhagen (R),
Barb Haley (R),
Jerry Hertaus (R),
Brian Johnson (R),
Jon Koznick (R),
Sandy Layman (R),
Eric Lucero (R),
Dale Lueck (R),
Anne Neu Brindley (R),
Bud Nornes (R),
Paul Novotny (R),
Tim O'Driscoll (R),
Nels Pierson (R),
John Poston (R),
Duane Quam (R),
Marion Rarick (R),
Tama Theis (R),
Dean Urdahl (R),
Last Action
Authors added Demuth, Lucero, Quam, and Gruenhagen (on 02/19/2020)
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=House&f=HF3481&ssn=0&y=2019 | 02/19/2020 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=HF3481&version=0&session=ls91&session_year=2020&session_number=0&format=pdf | 02/19/2020 |
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