Minnesota lawmakers agree on rebate checks and tax cuts.

1 min read
Source: KSTP
Minnesota lawmakers agree on rebate checks and tax cuts.
Photo: KSTP
TL;DR Summary

Minnesota lawmakers have reached a deal on a proposed tax bill that includes rebate checks for individuals who make an annual income of $75,000 or less, or married couples who make less than $150,000 per year. The one-time payments are $260 for single tax filers, $520 for married couples, and an extra $260 per child for families with up to three children. The bill also includes an exemption for social security income and a new child tax credit. The bill must pass the House and Senate before making its way to Governor Tim Walz's desk.

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