Dear Neighbors,
The Legislature and Governor Dayton recently approved a significant tax cut bill that benefits middle class families and small businesses.
Over one million Minnesotans will pay less in taxes as a result of this legislation, including married couples, working families, homeowners, Minnesotans with student loans, teachers and others. In addition, we repealed three business-to-business sales taxes, including a tax on warehousing services that was going to take effect on April 1.
As a member of the House Taxes Committee, I was proud to help speed these measures towards final approval. Just last night, our committee approved a second tax cut bill that includes additional property tax relief for homeowners and renters.
Here is some important guidance from the Department of Revenue as they implement changes to our tax system as quickly as possible:
If you have not yet filed your 2013 Minnesota tax return, you should wait until 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) 296-7158 or by email at rep.linda.slocum@house.mn with any questions.
Sincerely,
Linda Slocum
State Representative, District 50A (Richfield and Bloomington)