Bill
Bill > SF3404
summary
Introduced
02/20/2020
02/20/2020
In Committee
02/20/2020
02/20/2020
Crossed Over
Passed
Dead
05/17/2020
05/17/2020
Introduced Session
91st Legislature 2019-2020
Bill Summary
Social security subtraction from individual income tax authorization
AI Summary
This bill amends Minnesota Statutes to remove the existing limits and phase-outs on the subtraction of taxable Social Security benefits from individual income tax. Under the new provision, the full amount of taxable Social Security benefits received by a taxpayer in a taxable year can be subtracted from their taxable income, effective for tax years beginning after December 31, 2019.
Committee Categories
Budget and Finance
Sponsors (5)
Last Action
Referred to Taxes (on 02/20/2020)
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=Senate&f=SF3404&ssn=0&y=2019 | 02/20/2020 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=SF3404&version=0&session=ls91&session_year=2020&session_number=0&format=pdf | 02/20/2020 |
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