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ST. PAUL — Minnesota taxpayers can expect rebate checks in the next few months and struggling families with children are likely to get additional relief under
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Minnesota taxpayers can expect rebate checks in the next few months and struggling families with children are likely to get additional relief under a $3 billion tax cut bill nearing approval in the Legislature.
Abandoning worldwide combined reporting, the DFL tax plan will incorporate GILTI to require a minimum rate of tax is paid no matter where businesses operate across the globe.
Not everyone will see a tax cut under the bill, and some corporations and wealthier Minnesotans will be asked to pay more.
Minnesota is one of just a handful of states that does not charge sales tax on clothing — a bit of tax policy that's so well known that it attracts tourists.