ST. PAUL, MN -- House Republicans wasted no time getting to work on a key session priority today: tax relief. House File 2, which will result in $21.7 million in tax relief for 220,000 Minnesota tax filers by conforming Minnesota's tax code to the federal tax code, passed Thursday on a vote of 130-0.
“Getting federal tax conformity passed today was crucial,” said Rep. Randy Jessup (R-Shoreview). “Minnesota taxpayers will now experience a smoother tax filing process this year, while also knowing they are receiving the optimal tax refund from the state.”
Without quick approval of Rep. Greg Davids’ federal tax conformity bill (HF2), Minnesotans who file their taxes early could face higher tax bills, a situation all lawmakers wanted to avoid. Davids was told by the Department of Revenue that in order to avoid tax filing complications, the proposal needs to be signed into law before January 11. The Senate is expected to pass tax conformity in time to meet the January 11th deadline.
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