summary
Introduced
03/17/2021
03/17/2021
In Committee
03/17/2021
03/17/2021
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 for an unlimited Social Security subtraction for individual income taxes in Minnesota. It amends the existing law, which previously capped the Social Security subtraction and phased it out based on a taxpayer's provisional income. The new provision removes these limits, allowing taxpayers to subtract the full amount of their Social Security benefits received during the taxable year.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Author added Boe (on 04/09/2021)
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=House&f=HF2275&ssn=0&y=2021 | 03/18/2021 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=HF2275&version=0&session=ls92&session_year=2021&session_number=0&format=pdf | 03/18/2021 |
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