MN Lawmakers Considering GOP Give It Back Legislation
(St. Paul, MN) — Minnesota lawmakers are considering a GOP-backed tax relief package. The 13-billion dollar Give It Back plan includes tax changes, a child tax credit, and five billion dollars in one-time rebate checks distributed from the state’s surplus. The plan would also reduce the two lowest tax tiers in the state by one-percent and adjust the homestead market value exclusion. Republicans face an uphill battle to pass the plan with Democratic majorities in both the House and Senate.