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Conference committee strikes tax agreement; bill may be session’s finale

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The “dream big” approach seems to have worked in forging a compromise tax bill.

The two tax chairs came in with one highest-priority item on each of their to-do lists, and they both made it intact into the final bill announced Saturday afternoon.

For the Senate, it was elimination of all income taxes on Social Security benefits. For the House, it was property tax relief, primarily in the form of making the renter’s credit into a refundable income tax credit.

Both provisions are in the final version of HF3669, a bill sponsored by those tax chairs, Rep. Paul Marquart (DFL-Dilworth) and Sen. Carla Nelson (R-Rochester). After they signed their conference committee’s agreement, it’s now up to the House and Senate to approve the compromise legislation, and House Speaker Melissa Hortman (DFL-Brooklyn Park) has said that it may be the last bill passed off the House Floor on Sunday night.


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