Minnesota Taxes and Tax Plans

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

February 2023

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.

February 2023

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

A proposal to expand Minnesota’s tax exemption for Social Security benefits would provide the biggest tax cuts to the highest-income Minnesotans and would prevent making strong, sustainable investments in public services that would create a brighter future for all. This issue brief looks at why higher-income Minnesotans are more likely to benefit from this tax exemption, who benefits from existing Social Security exemptions, and how the cost of these tax cuts limit critical investments in public services.

January 2023

Income tax repeal would damage Minnesota's quality of life, increase inequality

All Minnesotans deserve to lead healthy and secure lives. But the path to a stronger, more equitable future for our...

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.

1 2 3 4 5 6 7 8 9 10 ...

Taxes and Tax Plans Blog Posts

February 01, 2023

Governor Walz releases FY 2024-25 budget priorities

In his proposal for the two-year FY 2024-25 budget cycle, Governor Tim Walz proposes $11.2 billion in additional funding for public services, with the largest amount of new dollars going toward education, economic development, and health and human services. He also proposes $5.4 billion in tax reductions in FY 2024-25, with the biggest component being a one-time tax rebate. Read more in our blog.

January 25, 2023

Child poverty declines sharply thanks to federal Child Tax Credit expansion

Thanks in part to improvements policymakers made to the federal Child Tax Credit (CTC), recent U.S. Census data show that from 2019 to 2021, child poverty fell a remarkable 59 percent. Minnesota policymakers should build on that success and create a state Child Tax Credit.

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...

More Taxes and Tax Plans Blogs