Tax Bills Taking Shape at the Capitol

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Explore:  Proposed Legislation

Both the House and Senate Tax bills have begun to take shape at the Capitol this week. The House Omnibus Tax Bill passed out of the Tax Committee on Wednesday, April 17 and Ways and Means on Friday, April 19. The reform provisions of the Omnibus Senate Tax Bill, SF 1617. passed out of the Reform Division of the Senate Tax Committee on Tuesday, April 16.

House
The House Omnibus Tax Bill, HF 677, is authored by Tax Chair Ann Lenczewski. More detail on this bill can be found at the Minnesota House website at: https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF677&ssn=0&y=2013 In particular, the text of the bill, along with the House Research Summary, can be located at this link. The next stop for the bill is the House floor.

Senate
The reform provisions of the Omnibus Senate Tax Bill, packaged in SF 1617, are authored by Senator Ann Rest. Property tax, income tax, and other miscellaneous provisions will be added in the full Senate Tax Committee. The first draft of the entire Omnibus Tax Bill, which will include the provisions in SF 1617, are expected to be made public on Tuesday, April 23. Consideration and final action by the committee should occur by Friday, April 26.

More detail on SF 1617 can be found at the Minnesota Senate website at: https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF1617&ssn=0&y=2013

Topics:  Proposed Legislation

Published In: Elections & Politics Updates, Tax Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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