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; lowering individual income tax rates; amending Minnesota Statutes 2020, section 290.06, subdivision 2d; Minnesota Statutes 2021 Supplement, section 290.06, subdivision 2c.
AI Summary
This bill lowers individual income tax rates in Minnesota. It amends the state's tax code to reduce the tax rates on different income brackets for married couples filing jointly, unmarried individuals, and heads of households. The bill also adjusts the income thresholds for each tax bracket to account for inflation starting in the 2022 tax year. These changes are effective for tax years beginning after December 31, 2021.
Committee Categories
Budget and Finance
Sponsors (8)
Jerry Hertaus (R)*,
Greg Davids (R),
Bob Dettmer (R),
Pat Garofalo (R),
Josh Heintzeman (R),
Dale Lueck (R),
John Petersburg (R),
Peggy Scott (R),
Last Action
Author added Scott (on 04/21/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF2968&ssn=0&y=2021 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=HF2968&version=0&session=ls92&session_year=2022&session_number=0&format=pdf |
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