"MN Capitol's Tax Deal: 5 Key Points and Rebate Checks Explained"

Minnesota lawmakers have agreed on a tax bill that includes tax rebates, child tax care credits, a break for those on Social Security, and higher taxes for some corporations. The bill will have to go back to the House and Senate for a final vote before reaching Gov. Tim Walz for his signature. The proposed rebate checks are $260 for individuals and $520 for couples, with an additional $260 for each child for up to three children. The bill also includes child tax credits, a phased-out exemption for Social Security income, and a tax increase for businesses with global earnings and investment earnings. The changes are expected to bring in an additional $1 billion over four years.