MN SF1499

Provides direct payments of $4,400 for married couples filing joint returns and $2,200 for all other filers to eligible Minnesota taxpayers based on the state budget surplus.

Eligible individuals must have been Minnesota residents for any part of 2021 and filed a 2021 income tax return by October 15, 2022, or filed a property tax refund claim by December 31, 2022.

Payments are automatically issued by the Commissioner of Revenue based on existing tax records; recipients do not need to file a claim.

Direct payments are not counted as income for tax purposes or as assets for eligibility determination in state assistance programs.

Appropriates necessary funds from the general fund for fiscal year 2023 and allocates $7,752,000 for payments and $215,000 for administrative costs in fiscal year 2024, with funds available until June 30, 2024.