Bill
Bill > SF2757
summary
Introduced
02/03/2022
02/03/2022
In Committee
02/03/2022
02/03/2022
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 for an unlimited subtraction of Social Security benefits from an individual's taxable income in Minnesota. It removes the previous limitations and thresholds on the Social Security income tax subtraction, making the full amount of Social Security benefits received by a taxpayer in a given year eligible for the subtraction. This change is effective for tax years beginning after December 31, 2021.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Author added Duckworth (on 02/07/2022)
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=SF2757&ssn=0&y=2021 | 02/03/2022 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=SF2757&version=0&session=ls92&session_year=2022&session_number=0&format=pdf | 02/03/2022 |
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