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MN HF136
MN HF136Individual income tax provisions modified, and unlimited Social Security subtraction allowed.
summary
Introduced
01/09/2023
01/09/2023
In Committee
01/09/2023
01/09/2023
Crossed Over
Passed
Dead
05/20/2024
05/20/2024
Introduced Session
93rd Legislature 2023-2024
Bill Summary
A bill for an act relating to taxation; individual income; allowing an unlimited Social Security subtraction; amending Minnesota Statutes 2022, section 290.0132, subdivision 26.
AI Summary
This bill amends Minnesota's individual income tax laws to allow an unlimited Social Security subtraction. Previously, the Social Security subtraction was subject to limits based on the taxpayer's filing status and provisional income. The new provision removes these limits, allowing taxpayers to deduct the full amount of their Social Security benefits received during the taxable year. This change is effective for taxable years beginning after December 31, 2022.
Committee Categories
Budget and Finance
Sponsors (35)
Kristin Robbins (R)*,
Pam Altendorf (R),
Patti Anderson (R),
Paul Anderson (R),
Jeff Backer (R),
Ben Bakeberg (R),
Peggy Bennett (R),
Brian Daniels (R),
Greg Davids (R),
Ben Davis (R),
Lisa Demuth (R),
Elliott Engen (R),
Mary Franson (R),
Pat Garofalo (R),
Dawn Gillman (R),
Bobbie Harder (R),
Shane Hudella (R),
Walter Hudson (R),
Spencer Igo (R),
Jim Joy (R),
Krista Knudsen (R),
Jon Koznick (R),
Joe McDonald (R),
Shane Mekeland (R),
Patricia Mueller (R),
Danny Nadeau (R),
Jim Nash (R),
Anne Neu Brindley (R),
Harry Niska (R),
Bernie Perryman (R),
Isaac Schultz (R),
Dean Urdahl (R),
Mike Wiener (R),
Jeff Witte (R),
Natalie Zeleznikar (R),
Last Action
Author added Bakeberg (on 01/17/2023)
Bill Topics
Macroeconomics
- ‐ Taxation, Tax Policy, and Tax Reform
Social Welfare
- ‐ Retirement Issues
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=HF0136&ssn=0&y=2023 | 01/09/2023 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=HF136&version=0&session=ls93&session_year=2023&session_number=0&format=pdf | 01/09/2023 |
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