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Legislators still debating 'dollar amounts' in last days of session Jessie Van Berkel, Stephen Montemayor, Star Tribune © Star Tribune/Star Tribune/Leila Navidi, Star Tribune/Star Tribune/TNS Gov. Tim Walz talked to children on the playground at the Wilder Child Development Center in St. Paul after holding a news conference there on Monday, May 10. Gov. Tim Walz marked the final stretch of end-of-session budget talks Monday by lamenting how far apart legislative leaders remained and how little time is left to strike an accord. Leaders have yet to agree on big picture budget...

Top-income tax increase clears key MN House committee By Minnesota News Network|2021-04-09T06:48:07-05:00April 9th, 2021| Democrats as part of their state budget plan are moving forward with a tax bill, which Dilworth Representative Paul Marquart says… …”provides over a billion dollars of tax cuts and aids to families and workers and businesses.” But the money comes from a tax increase on top-income Minnesotans — a non-starter in the GOP-controlled state Senate.   Republican Representative Greg Davids from Preston says with deep divisions between Democrats and Republicans there cou...

Minnesota House Democrats have introduced a set of bills to raise taxes on top earners, boost education funding and ensure paid sick and safe time for workers.

Minnesota Republicans looking to make PPP loans exempt from state taxes Congress made PPP loans exempt from federal taxes late last year. Author: Minnesota lawmakers are pushing to make Paycheck Protection Program loans exempt from state taxes. On Monday, Rep. Greg Davids, R-Preston, Republican lead on the House Taxes Committee, sent a letter to committee chair Chair Rep. Paul Marquart, DFL-Dilworth, asking for action on a bill that would exempt PPP loans from state taxes. Davids cited a $1.6 billion surplus projected on Friday for the state’s two-year budget cycle, marking a turnaround f...

Under current law, the federal relief loans would be taxed as income in Minnesota.