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Minnesota Budget Bites

Minnesota Tax Credits

01/25/23
  • Minnesota Taxes
  • Federal Issues
  • Federal Taxes
  • Minnesota Taxes and Tax Plans
  • Minnesota Tax Credits
  • Poverty
  • Racial Equity

Child poverty declines sharply thanks to federal Child Tax Credit expansion

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Thanks in part to improvements policymakers made to the federal Child Tax Credit (CTC), recent U.S. Census data show that from 2019 to 2021, child poverty fell a remarkable 59 percent. Minnesota policymakers should build on that success and create a state Child Tax Credit.
06/02/22
  • Minnesota Tax Credits
  • Minnesota Taxes and Tax Plans
  • Minnesota Taxes

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.
04/21/22
  • Racial Equity
  • Minnesota Taxes and Tax Plans
  • Minnesota Taxes
  • Minnesota Tax Credits

House tax bill includes transformational changes to the Renters’ Credit

The Minnesota House has proposed revolutionary changes to simplify the Renters’ Credit and significantly expand the ...
04/14/22
  • Minnesota Tax Credits
  • Minnesota Taxes and Tax Plans
  • Minnesota Budget Process
  • Minnesota Budget Plans
  • Minnesota Budget

Minnesota House and Senate lay out their budget and tax priorities

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Amid unprecedented resources available to invest in Minnesotans’ well-being and build a more equitable state, the House and Senate have released their supplemental budget bills.