Bill
Bill > SF1770
summary
Introduced
02/16/2023
02/16/2023
In Committee
02/16/2023
02/16/2023
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; reducing all individual income tax rates by one percentage point; amending Minnesota Statutes 2022, section 290.06, subdivisions 2c, as amended, 2d.
AI Summary
This bill proposes to reduce all individual income tax rates in Minnesota by one percentage point. Specifically, it would lower the tax rates on income brackets for married filing joint, single, and head of household filers. The bill also adjusts the income thresholds for these tax brackets to account for inflation. The changes would be effective for taxable years beginning after December 31, 2022, with additional adjustments for taxable years beginning after December 31, 2023.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Referred to Taxes (on 02/16/2023)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF1770&ssn=0&y=2023 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=SF1770&version=0&session=ls93&session_year=2023&session_number=0&format=pdf |
Loading...