Minnesota House Democrats' Tax Plan Includes Rebate Checks, New Tax Bracket For Highest Earners

By Caroline Cummings, CBS Minnesota

April 18, 2023

ST. PAUL, Minn. -- DFL leaders in the state House on Monday released the details of their roughly $3 billion tax plan that includes cash back to Minnesotans and a new "millionaires tax" on the state's highest earners.

"This bill constitutes the largest tax cut in Minnesota history. But these aren't just any tax cuts. The cuts in this bill are targeted to those who need it the most," said Rep. Aisha Gomez, DFL-Minneapolis, the chair of the Taxes Committee.
The proposal mostly benefits low- and middle-income Minnesotans.

The 300-page proposal has several provisions, including one-time rebate checks of $275 per taxpayer plus more for up to three dependents. It means a family of five could see $1,375 if they make less than $75,000 per year as a single filer or $150,000 as a married couple filing jointly.

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