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MN SF12
Bill
Status
Introduced
1/4/2023
Primary Sponsor
Jeremy Miller
Click for details
AI Summary
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Allows unlimited Social Security benefits subtraction from Minnesota individual income taxes, removing current maximum subtraction caps.
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Eliminates phase-out thresholds that previously reduced the subtraction based on provisional income levels for married joint filers ($78,180), single/head-of-household filers ($61,080), and married separate filers.
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Amends Minnesota Statutes 2022, section 290.0132, subdivision 26, regarding Social Security benefits taxation.
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Effective for taxable years beginning after December 31, 2022.
Legislative Description
Unlimited social security income tax subtraction authorization
Last Action
Motion did not prevail to withdraw and be placed on General Orders
1/30/2023
Committee Referrals
Taxes1/4/2023
Full Bill Text
No bill text available