Minnesota Department of Revenue officials have a message for taxpayers who haven’t filed their returns. The department says the new tax cuts are good to go, and taxpayers should file now. Those cuts were passed just a couple of weeks ago by lawmakers, and thousands of Minnesotans could benefit. A couple of weeks ago, the revenue department made a very unusual appeal, urging Minnesotans to wait to file their tax returns so it could re-calibrate its computers and re-write tax forms for the new cuts.
Gov. Mark Dayton has signed a bill providing hundreds of thousands of Minnesota taxpayers with extra deductions and exemptions they can claim on this year’s tax forms. Dayton signed the $434 million relief package Friday, soon after both the House and Senate approved it by lopsided margins. In a statement, Dayton says the tax cuts will put “more money in the pockets of Minnesota families and businesses” and “make taxes simpler for Minnesotans.”
Hundreds of thousands of Minnesota residents will see their state tax burdens drop thanks to a bill that won final backing Friday from the Legislature and Gov. Mark Dayton. By lopsided margins, the House and Senate approved the $434 million relief package containing extra deductions and exemptions that can be claimed on this year’s tax forms and many more that can be accessed next year.
Minnesota legislators planned quick and possibly final votes Thursday on a measure that would provide income tax breaks and repeal some controversial new business taxes. The Minnesota Senate prepared to debate a $434 million tax relief plan that also puts $150 million into a state budget reserve.
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This year it’s not a matter of if there will be tax cuts for Minnesotans; the only question is by how much. Lawmakers are busy coming up with ways to use the state’s billion-dollar-plus surplus. Minnesota’s economy this election year is generating the kinds of jobs and tax revenues not seen in years.
The Minnesota House has given overwhelming approval to a $500 million package of tax cuts and repeals. Thursday’s 126-2 vote comes just more than a week into the legislative session. The bill heads to the Senate, where leaders haven’t publicly embraced the plan.
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A $500 million package containing middle-income tax cuts and the repeal of some business taxes is zooming through the Minnesota House. Only three days into their session, House Tax Committee members approved the plan Thursday.
As they open their legislative sessions, politicians in many states are facing a pleasant election-year challenge: What to do with all the extra money? A slow but steady economic recovery is generating more tax revenue than many states had anticipated.
Gov. Mark Dayton is asking Minnesota’s wealthiest citizens to pay more than a billion dollars in new income taxes in order to boost state funding for schools and colleges by nearly $640 million.
Gov. Mark Dayton on Thursday set up the clear-cut tax debate his aides say he’s always craved, demanding that Minnesota’s best-off residents pay higher income taxes to boost spending on education and other services.
After weeks of widespread criticism, Governor Mark Dayton abandoned a controversial sales tax plan that included a new tax on business services.
The recently released tape of Romney speaking to donors at a closed door fundraiser has exposed Mitt Romney to, in fact, be the person Democrats have portrayed him to be: a rich, out of touch, arrogant man that has no respect or connection to the American middle class and absolutely no interest in making the American middle class stronger.
Obama’s latest speech on tax cuts for the middle class is just a retread of his tired class warfare rhetoric and strategy.