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 Mark Koran (R-North Branch) issued the following statement:

“Senate Republicans approved tax conformity last year, so it is disappointing that this wasn’t done already. It is a positive step forward, but there is still much more to be done to help Minnesotans. With many residents still struggling with high inflation and rising costs, and the state having one of the highest tax burdens, we must keep working to reduce taxes and ease the financial stress on families.”

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