Minnesota House Moves Fast To Approve $20M Tax Cut Bill
ST. PAUL, Minn. (AP) - The Minnesota House has voted unanimously to approve about $20 million in extra tax credits and deductions that people can claim when filing forms this winter and spring.
Thursday's vote comes less than 10 days into session, a quick turnaround made necessary by next week's start of income tax filing season.
The bill adapts Minnesota's tax code to recent federal changes.
Teachers can claim deductions for classroom supplies. College students could qualify for extra breaks.
Homeowners with mortgage insurance would see help, too. And some businesses will benefit as well.
The bill also would fix a glitch in a prior law fostering a massive Mayo Clinic development project in Rochester.
The Senate won't vote on the bill until next week, possibly as late as Thursday. Gov. Mark Dayton supports it.