The Minnesota Senate today unanimously approved a tax bill that will provide more than $100 million in tax relief for Minnesotans, particularly to people who were hit the hardest by Covid-19 business closures. Senate Republicans approved this tax conformity last year.

Senator Rich Draheim (R-Madison Lake) issued the following statement:

“This bill is a great early session victory for Minnesotans, many of whom are still feeling the pressure of soaring inflation and higher prices on gas, groceries, and energy. But we still have to do a lot more. With a massive budget surplus and one of the highest tax burdens in the country, we have to take every step we can to reduce taxes for Minnesota families and ease the stress on their bank accounts. I am glad we were able to get this done quickly in session, but it can’t end here.”

Senate Republicans also offered two amendments that were rejected by Senate Democrats:

• The first would have fully eliminated the state’s tax on Social Security benefits
• The second would have provided every Minnesota income taxpayer with an income tax rate cut by eliminating the first-tier income tax bracket