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 for individual income taxes in Minnesota. The current law has limits on the amount of Social Security benefits that can be subtracted, but this bill removes those limits, allowing taxpayers to subtract the full amount of their Social Security benefits received during the taxable year. The changes made by this bill are effective for taxable years beginning after December 31, 2021.
Committee Categories
Budget and Finance
Sponsors (5)
Last Action
Author added Nelson, N. (on 02/17/2022)
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=HF2799&ssn=0&y=2021 | 01/25/2022 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=HF2799&version=0&session=ls92&session_year=2022&session_number=0&format=pdf | 01/25/2022 |
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