The Minnesota House has voted unanimously to approve about $20 million in extra tax credits and deductions that people can claim when filing forms this winter and spring.
National Democrats are spending more than a $1 million on television campaign ads taunting Republican congressional candidate Stewart Mills. It’s a signal that Democrats take first-time candidate Mills seriously in northern Minnesota’s Eighth District race against incumbent Congressman Rick Nolan.
Gov. Mark Dayton is on the clock. He has until May 30 to dispense with the remaining bills lawmakers sent him upon adjourning their legislative session.
Last-minute deals are coming together at Minnesota’s Capitol, which means final votes are closing in on $1 billion in construction authorization, a budget bill and tax cuts. The pace quickened Thursday as lawmakers faced a weekend deadline to complete their session.
There was something a little different going on at the State Capitol Tuesday: A major bill that everyone appears to agree on. It means a second round of tax cuts could be heading your way. State lawmakers already passed income tax relief on the way to hundreds of thousands of middle income Minnesotans. Now, homeowners and renters are getting a break.
Minnesota lawmakers are ready to deliver $100 million more in tax relief, including extra refunds and credits for homeowners, renters and farmers.
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.
Busy Friday, Did you miss something? CLICK THE LINK ABOVE to listen to a podcast from today’s show.
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.
Busy Thursday on THE MORNING NEWS. Miss something? CLICK THE LINK ABOVE to listen to any of our podcasts.
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.