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Minnesota Taxes and Tax Plans

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State tax policy that prioritizes everyday Minnesotans can expand economic opportunity, build thriving communities, and strengthen our economic future. However, tax policy can also widen income, wealth, and racial inequality if it primarily benefits those who are already doing well in today's economy.

We analyze individual tax proposals and full tax plans from the governor and legislative bodies, as well as the tax system overall, emphasizing the impact on everyday Minnesotans, tax fairness, and the ability of the tax system to raise the revenues needed to sustainably fund public investments that keep us moving forward as a state.

Research

January 2024

Minnesota's policy choices move it toward the top for tax fairness in 50-state study

In an era of income inequality and growing concentration of wealth, a new 50-state study analyzes whether state tax sys...

May 2023

A Minnesota Child Tax Credit would unleash the power of the tax code to fight child poverty

Minnesota should join a growing number of states that have created Child Tax Credits, building on the remarkable success of the expanded federal Child Tax Credit in reducing child poverty and material hardship among families.

February 2023

Who Receives the Renters' Credit? (TY 2019)

By providing property tax refunds to qualifying households, Minnesota helps bring down one of the costs of housing and creates a more equitable tax system. This issue brief provides data on the impact of the Renters’ Credit in each Minnesota county and for the state as a whole.

February 2023

Tax cuts from unlimited Social Security exemption skewed to higher-income Minnesotans

This issue brief looks at why higher-income Minnesotans are more likely to benefit from fully exempting taxes on Social Security, who benefits from existing Social Security exemptions, and how the cost of these tax cuts limit critical investments in public services.

Taxes and Tax Plans Blog Posts

April 03, 2024

Joint state budget targets set for 2024 Legislative Session

Governor Tim Walz reached an agreement with House Speaker Melissa Hortman and Senate Majority Leader Erin Murphy on budget targets on March 22. The agreement outlines targets of $478 million in net general budget changes, including increased spending or reduced revenues, for FY 2024-25 and $63 million for FY 2026-27. The joint budget targets also set the parameters for final budget negotiations between the House, Senate, and the governor.

May 12, 2023

2023 tax conference committee weighs similarities, differences in House, Senate, Walz tax plans

This year, policymakers are considering transformational changes and long-overdue investments to make Minnesota a state...

April 17, 2023

Minnesota should continue targeted approach to Social Security income tax exemption

In the debate about whether Minnesota should change its tax treatment of Social Security benefits, we’ve sought to draw...

March 29, 2023

House Property Tax Division bill includes transformational changes to the Renters’ Credit

One of the highlights of last year’s tax discussion is moving forward again this session: a game-changing proposal to...