![]() ![]() Those checks are significantly smaller than the original base of $1,000 for single filers and $2,000 for joint filers proposed by Walz last year. The final tax bill passed the Senate on a 34-33 party-line vote Sunday after passing in the House the night before on a 69-63 vote that was also along party lines. I’m especially pleased with how this bill help Minnesota’s children and their families, with the child tax credit cutting our child poverty rate by a third,” Senate Tax Chair Ann Rest, DFL-New Hope, said in a statement on the bill. “The Senate tax bill prioritizes $4 billion in tax cuts for Minnesotans, putting money back in the pockets of families across the state. In the next four years it would create $4 billion in tax relief and $2.2 billion in new taxes. Backers say it will help reduce child poverty, possibly by one-third. In the next two years, the tax bill creates $2 billion in cuts, $1 billion in new taxes and $900 million or so on items like local government aid and property tax refunds. The weekend action at the Capitol came as lawmakers head toward a Monday night adjournment deadline. Members of the Minnesota Senate on Sunday passed a bill containing what DFL lawmakers have described as historic tax relief. A $3 billion tax bill backed by Democratic-Farmer-Labor lawmakers that cuts the Social Security income tax for many Minnesotans, provides new child tax credits and returns part of the surplus to taxpayers as a one-time check is on its way to becoming law. ![]()
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