summary
Introduced
02/01/2022
02/01/2022
In Committee
02/01/2022
02/01/2022
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 places limits and phase-outs on the Social Security subtraction based on a taxpayer's provisional income, but this bill removes those restrictions, allowing taxpayers to deduct the full amount of their Social Security benefits received during the taxable year. The bill is effective for taxable years beginning after December 31, 2021.
Committee Categories
Budget and Finance
Sponsors (8)
Tim O'Driscoll (R)*,
Matt Bliss (R),
Lisa Demuth (R),
Mary Franson (R),
Matt Grossell (R),
Barb Haley (R),
Kristin Robbins (R),
Peggy Scott (R),
Last Action
Author added Franson (on 02/24/2022)
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=HF2999&ssn=0&y=2021 | 02/01/2022 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=HF2999&version=0&session=ls92&session_year=2022&session_number=0&format=pdf | 02/01/2022 |
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