summary
Introduced
01/11/2021
01/11/2021
In Committee
01/11/2021
01/11/2021
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 proposes to allow an unlimited Social Security income tax subtraction for Minnesota taxpayers. Previously, the subtraction was limited to a maximum amount that was reduced based on the taxpayer's provisional income. The bill removes these limits, allowing taxpayers to subtract the full amount of their Social Security benefits from their taxable income. This change would take effect for tax years beginning after December 31, 2020.
Committee Categories
Budget and Finance
Sponsors (5)
Last Action
Author added Dornink (on 02/25/2021)
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=SF0056&ssn=0&y=2021 | 01/09/2021 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=SF56&version=0&session=ls92&session_year=2021&session_number=0&format=pdf | 01/09/2021 |
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