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Minnesota Taxes and Tax Plans

taxes

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

April 2022

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

A proposal to expand Minnesota’s tax exemption for Social Security benefits is tilted toward those with the most resources and prevents making strong investments in public services that would create a brighter future for all Minnesotans. This issue brief looks at how and why higher-income Minnesotans are more likely to benefit from this tax exemption, and how the cost of these cuts limits critical investment in public services.

April 2022

Costly first bracket income tax cut leaves out everyday Minnesotans

A proposed income tax rate cut is tilted toward those with the most resources and prevent making strong investments in public services that would create a brighter future for all Minnesotans. This issue brief looks at how and why higher-income Minnesotans are more likely to benefit from a first bracket rate cut and get larger tax cuts than those of modest means.

August 2021

Minnesota’s new FY 2022-23 budget takes important steps toward the recovery, falls short of transformational change

Policymakers had a critical task this session: to support and care for those struggling the most and start to build a more equitable recovery. Some important investments were made in the FY 2022-23 budget, but it ultimately fell short of what’s fully needed in this moment and for the long term.

March 2021

Who receives the Renters' Credit?

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.

Taxes and Tax Plans Blog Posts

June 02, 2022

A closer look at the 2022 tax agreement

Minnesota’s 2022 Legislative Session ended on May 23 with much unfinished business, including a tax agreement reached by the House and Senate conference committee that was not enacted into law. This agreement reflected the two different philosophies that the Republican majority in the Minnesota Senate and the Democratic majority in the Minnesota House brought into those negotiations.

May 26, 2022

What passed, what’s unfinished business after end of 2022 Legislative Session

On Monday, the 2022 Legislative Session officially ended, but what did policymakers actually pass into law? With a his...

May 19, 2022

Minnesota Legislature passes bill on Unemployment Insurance Trust Fund, frontline worker payments

After months of negotiation, the Minnesota Legislature recently passed legislation that addressed three major issues of ...

April 21, 2022

House tax bill includes transformational changes to the Renters’ Credit

The Minnesota House has proposed revolutionary changes to simplify the Renters’ Credit and significantly expand the ...