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

April 2013

Tax increases don't prompt high-income households to move out of state

Increased income taxes do not cause high-income households to leave a state, according to the experience of several states. Research shows that jobs, housing costs, climate, and family are the reasons high-income households move - not increased taxes.

April 2013

Governor Dayton's FY 2014-15 budget focuses on tax reform, financial stability, and investments

Governor Dayton's budget proposal seeks to reach important goals, including sharing the responsibility for funding public services more equitably, putting the state on firm financial footing. and investing in the building blocks of shared economic success.

March 2013

The facts still speak: Time to reform Minnesota's tax system

Tax fairness has declined in Minnesota since 1990, according to the 2013 Tax Incidence Study. High-income Minnesotans continue to pay a smaller percentage of their incomes in total state and local taxes than low- and middle-income Minnesotans. Minnesota policymakers should reform the state's tax system to make it more fair and raise enough revenues to meet Minnesota's needs.

January 2013

The facts speak: It's time to reform Minnesota's tax system

Minnesota's outdated tax system is not meeting the state's needs. The difference between the share of income that the highest-income Minnesotans pay in taxes and the share that the average Minnesotan pays has grown, and Minnesota is not raising adequate revenues to avoid the cycle of budget deficits and gimmicks.

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

Taxes and Tax Plans Blog Posts

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...

March 23, 2023

Early agreement on state budget targets outline use of the surplus

On Tuesday, the Minnesota House and Senate leadership and Governor Tim Walz released joint budget targets that lay out ...

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.

More Taxes and Tax Plans Blogs