Bill
Bill > SF2838
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 amends Minnesota's individual income tax law to allow an unlimited Social Security income tax subtraction. Specifically, it removes the current limits and phaseout provisions on the Social Security income tax subtraction, allowing taxpayers to subtract the full amount of their Social Security benefits received in the taxable year. This change is effective for taxable years beginning after December 31, 2021.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Referred to Taxes (on 02/03/2022)
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=SF2838&ssn=0&y=2021 | 02/03/2022 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=SF2838&version=0&session=ls92&session_year=2022&session_number=0&format=pdf | 02/03/2022 |
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