summary
Introduced
01/07/2021
01/07/2021
In Committee
01/07/2021
01/07/2021
Crossed Over
Passed
Dead
05/23/2022
05/23/2022
Introduced Session
92nd Legislature 2021-2022
Bill Summary
A bill for an act relating to taxation; individual income; allowing an unlimited Social Security subtraction; amending Minnesota Statutes 2020, section 290.0132, subdivision 26.
AI Summary
This bill allows an unlimited Social Security subtraction on individual income taxes in Minnesota. It removes the existing limits and phaseouts on the amount of Social Security benefits that can be subtracted from taxable income. The bill amends the Minnesota Statutes to eliminate the previous maximum subtraction amounts and income thresholds, effectively allowing taxpayers to subtract the full amount of their Social Security benefits received during the taxable year. This change is effective for tax years beginning after December 31, 2020.
Committee Categories
Budget and Finance
Sponsors (35)
Tony Jurgens (R)*,
Susan Akland (R),
Jeff Backer (R),
Peggy Bennett (R),
Greg Boe (R),
John Burkel (R),
Brian Daniels (R),
Bob Dettmer (R),
Keith Franke (R),
Mary Franson (R),
Pat Garofalo (R),
Barb Haley (R),
Rod Hamilton (R),
John Heinrich (R),
Josh Heintzeman (R),
Spencer Igo (R),
Deb Kiel (R),
Jon Koznick (R),
Dale Lueck (R),
Shane Mekeland (R),
Nathan Nelson (R),
Paul Novotny (R),
John Petersburg (R),
Brian Pfarr (R),
Nels Pierson (R),
John Poston (R),
Duane Quam (R),
Donald Raleigh (R),
Marion Rarick (R),
Jordan Rasmusson (R),
Kristin Robbins (R),
Chris Swedzinski (R),
Tama Theis (R),
Dean Urdahl (R),
Nolan West (R),
Last Action
Authors added Quam; Franson; Nelson, N.; Swedzinski; and Franke (on 04/08/2022)
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=HF0026&ssn=0&y=2021 | 01/08/2021 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=HF26&version=0&session=ls92&session_year=2021&session_number=0&format=pdf | 01/08/2021 |
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