Tax Credits
2012 House Tax Bill Would Severely Cut Renters' Property Tax Refunds, April 2012
The 2012 House omnibus tax bill would restructure the Renters' Credit and cut a drastic $67 million in FY 2013. If this proposal is enacted, 66,200 Minnesota households would no longer be eligible for the refund and the average refund would be cut by $213. The cuts would be used to pay for tax cuts, primarily a reduction in the statewide property tax paid by businesses and cabins.
Who Receives the Renters' Credit? Updated February 2012
The Renters' Credit provides a property tax refund to low- and moderate-income renters whose property taxes are high in relation to their income. More than 281,000 Minnesota households received the Renters’ Credit in 2010. Households including seniors and persons with disabilities make up 30 percent of all Renters’ Credit recipients. This analysis provides information about the Renters’ Credit for Minnesotans in each Minnesota county and for the state as a whole.
2010 Renters' Credit Cuts Felt Across Minnesota, February 2012
In 2009, Governor Pawlenty proposed a substantial cut to the Renters' Credit as part of his proposed budget. These cuts were enacted in 2010, and new data demonstrates the harmful consequences of this action. Total Renters' Credits fell by $42 million compared to 2009. This issue brief illustrates the changes to the Renters' Credit in each Minnesota county.
More Tax Credits Analysis
- Renters' Credit Maintained in 2011, Cut in 2012, August 2011
- 2010 Cuts to the Renters’ Credit Hurt Those Already Hurt by Tough Economy, Updated September 2010
- How the Benefits of the Renters' Credit are Distributed Throughout Minnesota, April 2009
- What is the Renters' Credit/Circuit Breaker Property Tax Refund? March 2009
- Cuts to Renters' Credit Would Increase Unfairness of Property Taxes, June 2005
- House 2005 Omnibus Tax Bill Would Hurt Minnesota Renters, May 2005
- Governor Pawlenty's Proposal to Cut Renters' Credit Would Hurt Minnesotans, February 2005
- Proposed 2001 Session Tax Legislation on Low-Income Refundable Credits, April 2001
