Dear neighbors,
Last Friday, the House, Senate and Governor Dayton approved legislation that cuts taxes for over one million Minnesotans, including married couples, working families, new homeowners, people with student loans, educators and others.
The bill also repeals three business-to-business sales taxes, including a tax on warehousing services that was scheduled to go into effect on April 1. I was proud to author legislation to repeal all three of those taxes.
This is another positive step towards growing Minnesota’s economy from the middle out so more individuals, families and businesses can share in our recovery. Our economy is growing stronger and these middle class tax cuts will keep us on the right track.
The Department of Revenue is working to implement the new law as soon as possible.
If you have not yet filed your 2013 Minnesota tax return, you should wait until after April 3, 2014 to do so. The Department of Revenue will complete updates to their online systems by that date to account for tax refund changes.
If you already filed your 2013 Minnesota tax return, you don’t need to do anything right now. The Department of Revenue will continue mailing refunds as usual. After the April 15 filing deadline, they will review tax returns received before tax refund changes took effect then send any refund increase the same way you elected to receive your refund. If you qualify for a bigger refund, the Department of Revenue will be able to make the necessary changes to your return using the tax documents you provided. If they are unable to do so, they will individually contact you by postal mail to request documents needed to amend your return.
For more information, click here to open an attachment with general guidance from the Department of Revenue. You can also contact me by phone at (651) 296-7153 or by email at rep.jason.isaacson@house.mn with any questions.
Sincerely,
Jason ‘Ike’ Isaacson
State Representative, District 42B