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 amends the Minnesota Statutes to allow for an unlimited subtraction of Social Security benefits from an individual's taxable income, effective for taxable years beginning after December 31, 2021. The bill removes the current limitations on the Social Security subtraction, which previously capped the maximum subtraction amount and phased it out based on the taxpayer's provisional income.
Committee Categories
Budget and Finance
Sponsors (5)
Last Action
Senate Committee on Taxes (08:30 2/22/2022 Room G-15 Capitol) (on 02/22/2022)
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=Senate&f=SF2637&ssn=0&y=2021 | 01/29/2022 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=SF2637&version=0&session=ls92&session_year=2022&session_number=0&format=pdf | 01/29/2022 |
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