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Minnesota Taxes and Tax Plans

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State tax policy that prioritizes everyday Minnesotans can expand economic opportunity, build thriving communities, and strengthen our economic future. However, tax policy can also widen income, wealth, and racial inequality if it primarily benefits those who are already doing well in today's economy.

We analyze individual tax proposals and full tax plans from the governor and legislative bodies, as well as the tax system overall, emphasizing the impact on everyday Minnesotans, tax fairness, and the ability of the tax system to raise the revenues needed to sustainably fund public investments that keep us moving forward as a state.

Research

May 2009

Few small business owners would be impacted by income tax increase on high-income households

No business or individual alone can provide for an educated workforce or safe roads and bridges. Taxes pay for these...

April 2009

Round two: Governor increases use of one-time resources in revised budget

Governor's Revised Budget Proposal Offers Short-Term Fix for Long-Term Budget Problems The real work of the 2009 Legisla...

April 2009

Tax fairness in Minnesota declines further in 2006: Explaining the 2009 Tax Incidence Study

The 2009 Tax Incidence Study reveals that tax fairness in Minnesota has been on the decline since 1990s. This growing regressivity in the state's tax system is the result of two trends: growing income inequality and an increasing reliance on local taxes - particularly the property tax.

March 2009

Revenue-raising options to help close Minnesota's FY 2010-11 budget deficit

Minnesota Must Balance its FY 2010-11 Budget A weaker economy than previously predicted has meant less revenue than...

Taxes and Tax Plans Blog Posts

May 28, 2024

2024 Legislature passes improvements in Child Tax Credit, tax-filing process

The Minnesota Legislature passed some investments in Minnesota families’ economic well-being and improving their tax-filing experience in this year’s final tax legislation, including essential provisions for successful implementation of advance payments of the Child Tax Credit. Here’s a look at how our priorities for the tax bill fared this session.

May 13, 2024

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 Credit and Minnesotans’ tax-filing experience. Here's a closer look at the issues we are watching and how they are treated in Walz’s tax plan, the House tax bill, and Senate tax bill. Tax negotiators will need to reach agreement and pass final tax legislation before the legislative session ends on May 20.

May 03, 2024

Direct File could save Minnesotans time and money when filing income taxes

Paying taxes is how we come together to fund public services that Minnesotans value and count on, but with our current system, the majority of folks pay to meet their tax-filing responsibilities. Direct File is a free online tool to file and prepare income taxes, and Minnesota can build on positive federal progress on making this option available. Read our blog to learn about how a Direct File system would benefit Minnesotans by saving time, money, and improving access to tax credits.

April 03, 2024

Joint state budget targets set for 2024 Legislative Session

Governor Tim Walz reached an agreement with House Speaker Melissa Hortman and Senate Majority Leader Erin Murphy on budget targets on March 22. The agreement outlines targets of $478 million in net general budget changes, including increased spending or reduced revenues, for FY 2024-25 and $63 million for FY 2026-27. The joint budget targets also set the parameters for final budget negotiations between the House, Senate, and the governor.