Since the enactment of the Tax Cuts and Jobs Act (TCJA), Minnesota’s Department of Revenue (DOR) has been analyzing what the TCJA will mean for Minnesota. The TCJA marks the most significant changes to the Internal Revenue...more
2/8/2018
/ Alternative Minimum Tax ,
Corporate Taxes ,
Income Taxes ,
International Tax Issues ,
Itemized Deductions ,
Pass-Through Entities ,
Property Tax ,
Tax Cuts and Jobs Act ,
Tax Deductions ,
Tax Rates ,
Tax Reform
This week, the House and Senate committees have been working toward the third committee deadline of March 31, 2017. The third and final deadline requires committees to act favorably on major appropriation bills.
Many of...more
The seventh week of the legislative session is in the books, and the Minnesota Legislature is one week closer to the first committee deadline on March 10. This week, House Republicans increased their majority by one with the...more
This week, the Senate DFL majority released their budget targets, setting guidelines for committees to address the $900 million surplus. In their budget targets, $300 million will go toward tax relief. In addition, voluntary...more
This week, as the Minnesota Legislature worked on finance bills, Governor Mark Dayton took the opportunity to comment on the House and Senate budget proposals. He criticized both plans for being too low in most regards....more