The Minnesota Senate today unanimously approved a tax bill that will provide more than $100 million in tax relief for Minnesotans, particularly to people who were hit the hardest by Covid-19 business closures. Senate Republicans approved this tax conformity last year.

Senator Steve Drazkowski (R-Mazeppa) issued the following statement:

“This is a bill that should have been passed into law last year. There are still a lot of folks out there who are dealing with high inflation and costly gas, groceries, and energy. With a massive budget surplus, we have a duty to lower taxes for families and help them ease their financial burden. I am glad we could get this done so early, but we need to do a lot more.”

Senate Republicans also offered two amendments that were rejected by Senate Democrats:

• The first would have fully eliminated the state’s tax on Social Security benefits
• The second would have provided every Minnesota income taxpayer with an income tax rate cut by eliminating the first-tier income tax bracket