Minnesota Taxes and Tax Plans

State tax policy that prioritizes everyday Minnesotans can expand economic opportunity, build thriving communities, and strengthen our economic future. However, tax policy can also widen income, wealth, and racial inequality if it primarily benefits those who are already doing well in today's economy.

We analyze individual tax proposals and full tax plans from the governor and legislative bodies, as well as the tax system overall, emphasizing the impact on everyday Minnesotans, tax fairness, and the ability of the tax system to raise the revenues needed to sustainably fund public investments that keep us moving forward as a state.

Research

March 2016

Proposed 'small business' tax cuts miss the mark

The 2016 Legislative Session offers an opportunity for making investments in our communities that build the quality workforce and high standard of living that have been critical to Minnesota's economic success. Large tax cuts that some have proposed would prevent this investment. This fact sheet takes a closer look at some tax cuts proposed to support small businesses and find they don't measure up to the hype.

September 2015

Minnesota tax system now fairer, but there's more to do

Minnesota is moving toward a tax system that is fairer and raises adequate revenues, thanks to reforms passed in 2013 and 2014. Information from the state’s 2015 Tax Incidence Study creates a “before and after” picture of the difference those reforms made. The recent progress, however, shouldn’t mean a change in direction. When measured as a percentage of their incomes, the amount of state and local taxes that high-income Minnesotans pay is still less than what other Minnesotans pay.

July 2015

Opportunities missed and taken in the 2015 Legislative Session

We take an in-depth look at the FY 2016-17 budget passed in June, particularly measuring how well the tax and budget decisions meet the goals of increasing opportunity and economic well-being for all Minnesotans and ensuring a fair and sustainable tax system. With a surplus of $2 billion, policymakers had the opportunity to make targeted new investments after more than a decade of flat or declining funding in many public services. They took some opportunities, missed some, and lost some.

April 2015

Governor Dayton strives to increase opportunity in his FY 2016-17 budget proposal

After nearly a decade of frequent deficits and cuts to services, Minnesota’s outlook is improved and now faces a projected $1.9 billion surplus. Governor Mark Dayton uses the opportunity in his budget for the upcoming biennium to make investments in high quality schools, affordable college tuition. and a safe and modern transportation system to build a more prosperous state.

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Taxes and Tax Plans Blog Posts

April 03, 2024

Joint state budget targets set for 2024 Legislative Session

Governor Tim Walz reached an agreement with House Speaker Melissa Hortman and Senate Majority Leader Erin Murphy on budget targets on March 22. The agreement outlines targets of $478 million in net general budget changes, including increased spending or reduced revenues, for FY 2024-25 and $63 million for FY 2026-27. The joint budget targets also set the parameters for final budget negotiations between the House, Senate, and the governor.

May 12, 2023

Minnesota Taxes and Tax Plans

Research

Proposed 'small business' tax cuts miss the mark

Minnesota tax system now fairer, but there's more to do

Opportunities missed and taken in the 2015 Legislative Session

Governor Dayton strives to increase opportunity in his FY 2016-17 budget proposal

Taxes and Tax Plans Blog Posts

Joint state budget targets set for 2024 Legislative Session

2023 tax conference committee weighs similarities, differences in House, Senate, Walz tax plans

Minnesota should continue targeted approach to Social Security income tax exemption

House Property Tax Division bill includes transformational changes to the Renters’ Credit

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