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Tax Cuts

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Dayton Has Until May 30 To Decide On Last Bills

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.

05/19/2014

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Adjournment Fever Hits Legislature, Pace Quickens

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.

05/15/2014

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Minn. Lawmakers In Rare Agreement On 2nd Round Of Tax Cuts

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.

05/13/2014

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Lawmakers Agree On Bill With $100M In Tax Cuts

Minnesota lawmakers are ready to deliver $100 million more in tax relief, including extra refunds and credits for homeowners, renters and farmers.

05/08/2014

Tax Forms

MN Revenue Department: File Your Taxes Now

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.

04/02/2014

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Dayton Signs $434 Million Tax-Relief Measure

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.”

03/21/2014

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Minnesota Lawmakers Pass Tax Relief Bill

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.

03/21/2014

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Tax Vote Delayed As Time Crunch Looms

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.

03/20/2014

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PODCAST PAGE: The WCCO Morning News With Dave Lee….JOHN HINES Hosting 3-14-14

Busy Friday, Did you miss something? CLICK THE LINK ABOVE to listen to a podcast from today’s show.

03/14/2014

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Lawmakers Hash Out Tax Cuts In Light Of Surplus

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.

03/07/2014

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Minnesota House Approves $500M Tax-Cut Bill

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.

03/06/2014

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PODCAST PAGE: The WCCO Morning News With Dave Lee….. 3-6-14

Busy Thursday on THE MORNING NEWS. Miss something? CLICK THE LINK ABOVE to listen to any of our podcasts.

03/06/2014

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Plan For $500M Tax Cuts, Repeals Zooms In House

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.

02/27/2014

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State Surpluses Spark Debate On Tax Cuts, Spending

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.

01/17/2014

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Gov. Dayton Turns To ‘Plan B’ Budget

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.

03/14/2013

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