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MN SF1195
Bill
Status
Introduced
2/10/2025
Primary Sponsor
Nathan Wesenberg
Click for details
AI Summary
- Eliminates the lowest 5.35% income tax bracket for all filing statuses, creating a "zero bracket" where the first portion of income is untaxed
- For married couples filing jointly, the 6.8% rate now begins at $47,620 (previously $38,770 at 5.35%), with the 7.85% bracket starting at $189,180 and 9.85% at $330,410
- For single filers, the 6.8% rate begins at $32,570 (previously $26,520 at 5.35%), with higher brackets at $106,990 and $198,630
- For head of household filers, the 6.8% rate begins at $40,100 (previously $32,650 at 5.35%), with higher brackets at $161,130 and $264,050
- Updates the inflation adjustment base year from 2019 to 2025; rate changes effective for tax years beginning after December 31, 2024
Legislative Description
Zero bracket provision
Last Action
Referred to Taxes
2/10/2025
Committee Referrals
Taxes2/10/2025
Full Bill Text
No bill text available