summary
Introduced
02/24/2022
02/24/2022
In Committee
02/24/2022
02/24/2022
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 an unlimited subtraction for Social Security benefits received by a taxpayer in the taxable year. Previously, there were limits and reductions based on the taxpayer's provisional income (a calculation that considers modified adjusted gross income and one-half of the taxable Social Security benefits). The new provision removes these limits and allows for an unlimited subtraction of Social Security benefits, effective for taxable years beginning after December 31, 2021.
Committee Categories
Budget and Finance
Sponsors (7)
Greg Davids (R)*,
Cal Bahr (R),
Jordan Rasmusson (R),
Kristin Robbins (R),
Peggy Scott (R),
Tama Theis (R),
Nolan West (R),
Last Action
Author added Rasmusson (on 05/05/2022)
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=HF3752&ssn=0&y=2021 | 02/25/2022 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=HF3752&version=0&session=ls92&session_year=2022&session_number=0&format=pdf | 02/25/2022 |
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