ST. PAUL, MN -- On a bipartisan vote of 80-52 the Minnesota House of Representatives has approved a plan that provides $1.35 billion in tax relief to middle-class Minnesotans.
“Two of my main priorities I wanted to work on when I got to St. Paul was to lower the tax burden on our seniors, and find ways to make higher education more affordable,” said Rep. Randy Jessup (R-Shoreview). “The tax bill that was passed today helps in addressing these concerns. I was pleased to have the bill I introduced that would create tax credits and deductions for college savings plans included in the bill.”
"Minnesota families have worked hard to generate this surplus, it's time we put some money back in their pockets," added House Speaker Kurt Daudt. "House Republicans are fighting for meaningful tax relief targeted at middle-class families because we know that money is better spent by Minnesotans rather than sitting in state government bank accounts."
Highlights of the bill include:
The Minnesota Senate is expected to pass a tax relief proposal of their own in coming weeks. Once both bills are passed, a conference committee is expected to reconcile differences before a final tax relief bill is re-passed by the House and Senate and sent to Governor Dayton.
“It’s a good, strong bill and I’m looking forward to working with the Governor and my Senate counterparts on a compromise,” said House Tax Chair: Greg Davids.
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