MN Senate Passes Second Tax Bill on Wednesday

Minnesota lawmakers in the Senate passed as second tax bill on Wednesday that includes a major provision from their bill that was passed in April.

Among the bill’s provisions includes the reduction of Minnesota’s first tier tax income bracket from 5.35% to 2.8%, as well as the erasure of social security income tax.

The bill also includes tax credits in areas such as affordable housing, childcare, small businesses, gaming, agriculture and more.

State Senator Carla Nelson said she believes the major components of the bill, which she said are the tax income reductions and social security tax removal, will pass before the sessions end.

Nelson said she hopes to have the bill passed by May 13th.