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 Bill Lieske (R-Lonsdale) issued the following statement:
“I am glad that one of my first votes in the Minnesota Senate is to cut taxes, but there’s still a lot of work ahead of us. Inflation and prices on necessities like gas and groceries are still putting incredible pressure on families. We must continue to take steps to reduce taxes and ease the pressure they are facing when they pay their bills each month. This bill is good, but let’s do more.”
Senate Republicans offered additional amendments to return surplus money to taxpayers. Each was rejected by Senate Democrats:
- Fully eliminate the state’s tax on Social Security benefits
- Provide every Minnesota income taxpayer with an income tax rate cut by eliminating the first-tier income tax bracket
- Use the surplus to provide direct rebates to taxpayers
- Use the surplus to provide property tax rebates