New Tax Bill



Fresh off the approval earlier of $443 million in tax cuts for more than one million Minnesotans, House Democrats last week passed their "Tax Bill 2" on a unanimous vote of 125-0.

Tax Bill 2 includes $103 million in further tax cuts for Minnesota homeowners, farmers, renters and businesses.
                  
The tax bill signed into law this session by Governor Dayton made reduction to middle-class income taxes, largely through federal tax conformity.

Representative Jim Devney said the second tax bill will cut taxes largely through further property tax relief.

Davney also said there is some property tax relief for farmers facing rising taxes.

The bill also provides tax relief to our active military members. The bill extends the active military income tax subtraction to National Guard service members in the Active Guard Reserve.


 

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Topics : PoliticsSocial Issues
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Locations : Minnesota
People : DaytonJim Devney
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