summary
Introduced
01/31/2022
01/31/2022
In Committee
01/31/2022
01/31/2022
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 from individual income taxes in Minnesota. It amends the existing law that previously capped the Social Security subtraction at certain thresholds based on a taxpayer's provisional income, which included a portion of their Social Security benefits. The new law removes these caps and limitations, allowing taxpayers to subtract the full amount of their Social Security benefits from their taxable income. This change is effective for taxable years beginning after December 31, 2021.
Committee Categories
Budget and Finance
Sponsors (9)
Dave Lislegard (D)*,
Connie Bernardy (D),
Rob Ecklund (D),
Ginny Klevorn (D),
Carlie Kotyza-Witthuhn (D),
Laurie Pryor (D),
Julie Sandstede (D),
Zack Stephenson (D),
Dan Wolgamott (D),
Last Action
Authors added Kotyza-Witthuhn and Pryor (on 05/23/2022)
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=HF2788&ssn=0&y=2021 | 01/25/2022 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=HF2788&version=0&session=ls92&session_year=2022&session_number=0&format=pdf | 01/25/2022 |
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