The Minnesota Legislature passed some investments in Minnesota families’ economic well-being and improving their tax-filing experience in this year’s final… Continue reading 2024 Legislature passes improvements in Child Tax Credit, tax-filing process
Author: Nan Madden
Director,
Minnesota Budget Project
Child Tax Credit and tax-filing improvements in play in final 2024 tax negotiations
Minnesota policymakers could be less than two weeks away from enacting into law innovations and improvements in the Child Tax… Continue reading Child Tax Credit and tax-filing improvements in play in final 2024 tax negotiations
2023 tax conference committee weighs similarities, differences in House, Senate, Walz tax plans
This year, policymakers are considering transformational changes and long-overdue investments to make Minnesota a state where all can thrive. That… Continue reading 2023 tax conference committee weighs similarities, differences in House, Senate, Walz tax plans
Minnesota should continue targeted approach to Social Security income tax exemption
In the debate about whether Minnesota should change its tax treatment of Social Security benefits, we’ve sought to draw attention… Continue reading Minnesota should continue targeted approach to Social Security income tax exemption
House Property Tax Division bill includes transformational changes to the Renters’ Credit
One of the highlights of last year’s tax discussion is moving forward again this session: a game-changing proposal to simplify… Continue reading House Property Tax Division bill includes transformational changes to the Renters’ Credit
A closer look at the 2022 tax agreement
Minnesota’s 2022 Legislative Session ended on May 23 with much unfinished business, including a tax agreement reached by the House and Senate conference committee that was not enacted into law. This agreement reflected the two different philosophies that the Republican majority in the Minnesota Senate and the Democratic majority in the Minnesota House brought into those negotiations.
Historic state budget forecast presents historic opportunity
The forecast projects a $7.7 billion general fund surplus for the current FY 2022-23 budget cycle, and a $6.0 billion structural balance for the upcoming FY 2024-25 budget cycle. These projections represent a historic opportunity to make transformational changes to build a more equitable recovery.
Federal tax reforms are an essential piece of building a better future
Federal policymakers are in the midst of an essential and high stakes debate about the future of our country. More… Continue reading Federal tax reforms are an essential piece of building a better future
Bold action needed to get through crisis, build equitable recovery
Minnesotans are doing their part. We must be able to count on Minnesota policymakers to continue to take aggressive action to meet the public health and economic security needs of everyday Minnesotans, and to draw on the resources needed to do so.
The Federal CARES Act: What’s in the economic stimulus bill, who is left out
We’ve called for an inclusive approach to the public health crisis and the related economic impact. While the latest federal… Continue reading The Federal CARES Act: What’s in the economic stimulus bill, who is left out