Tax bills pass in Minnesota and North Dakota with cuts for residents and businesses.

1 min read
Source: CBS News
Tax bills pass in Minnesota and North Dakota with cuts for residents and businesses.
Photo: CBS News
TL;DR Summary

The Minnesota House has passed a tax bill that includes roughly $3 billion in tax cuts and credits for low- and middle-income Minnesotans, making it the largest tax cut in state history. The bill includes rebate checks, property tax relief, social security tax savings, and credits that help working families struggling to afford high costs. The Senate's plan is similar, but not identical, and both chambers will work out their differences before the session ends in about three weeks.

Share this article

Reading Insights

Total Reads

0

Unique Readers

0

Time Saved

2 min

vs 2 min read

Condensed

80%

40079 words

Want the full story? Read the original article

Read on CBS News