summary
Introduced
03/04/2020
03/04/2020
In Committee
03/04/2020
03/04/2020
Crossed Over
Passed
Dead
05/17/2020
05/17/2020
Introduced Session
91st Legislature 2019-2020
Bill Summary
Individual income tax rates reduced.
AI Summary
This bill reduces individual income tax rates in Minnesota. Specifically, it lowers the tax rates for different income brackets, with the top rate being reduced from 9.85% to 9.35%. The changes are effective for taxable years beginning after December 31, 2019.
Committee Categories
Budget and Finance
Sponsors (5)
Last Action
Introduction and first reading, referred to Taxes (on 03/04/2020)
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=HF4126&ssn=0&y=2019 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=HF4126&version=0&session=ls91&session_year=2020&session_number=0&format=pdf |
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