There’s a tax bill already moving at the Minnesota Capitol just days into the new legislative session. But this is the easy part — syncing up state tax deductions to federal changes of recent years. The Legislature will take more time deciding on possible rebate checks and other tax breaks where there's much less agreement among lawmakers.
Updates to Minnesota’s tax code happen a lot. They are often done to line up deductions allowed at the federal level so they also apply to state income tax forms. During the pandemic, federal changes happened at a much quicker clip than at the state. Minnesota lawmakers are feeling some pressure to catch up,
|