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Both House and Senate tax bills bank on a new corporate tax calculation they say will raise hundreds of millions of dollars per year. But it’s untested, raising concerns about the estimates and the state’s ability to collect.
But House and Senate leaders do agree on a partial rollback of the state’s tax on Social Security benefits.
DFL Senate leaders say they are mostly aligned with DFL House leaders on the size of the Social Security tax cut.
DFL leaders must align tax bill differences, from rebate checks to Social Security tax breaks.
A newly released Minnesota Senate tax proposal closely aligns with a House plan on rebates and Social Security taxes. The proposal also offers child care tax credits and property tax aids for homeowners affected by rapidly rising property values.