Social Security Tax Eliminated Under Minnesota Lawmakers' Deal fox21online.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fox21online.com Daily Mail and Mail on Sunday newspapers.
The compromise plan was announced Saturday, May 21, and could be the state's largest tax cut proposal in state history. Lawmakers would have to adopt it and the governor would have to sign it into law before the changes could take effect.
Minnesota lawmakers have agreed to eliminate the state's tax on Social Security income, cut individual income taxes, and expand the renter's credit under an end-of-session deal.
The compromise plan was announced Saturday, May 21, and could be the state's largest tax cut proposal in state history. Lawmakers would have to adopt it and the governor would have to sign it into law before the changes could take effect.