Governor Mark Dayton today signed legislation (HF1777) cutting taxes for middle class Minnesotans and businesses. The $508 million tax cut signed into law today will put more money in the pockets of middle class families, individuals, and thousands of businesses across Minnesota. Because the Legislature acted quickly to pass the bill, many Minnesotans will see immediate tax savings during the current tax filing season.
“These tax cuts will put more money in the pockets of Minnesota families and businesses, and in the spirit of the Unsession, make taxes simpler for Minnesotans,” said Governor Dayton. “I thank Senate Majority Leader Tom Bakk, House Speaker Paul Thissen, House Majority Leader Erin Murphy, Tax Chairs Rod Skoe, Ann Lenczewski and Ann Rest, and the other legislators, who spearheaded these tax cuts to passage.”
Since some of these tax cuts will be available immediately during this filing season, the Minnesota Department of Revenue is working with tax preparers and online tax preparation services to update tax filing software for the estimated 1.4 million Minnesotans who have not yet filed their taxes.
For those Minnesotans who have already filed their taxes, the Minnesota Department of Revenue will review each tax return and determine whether adjustments and refunds can be made automatically. The Department will contact any taxpayer who will need to file an amended return to receive these new tax benefits.
Reducing Taxes for Middle Class Minnesotans ($230M)
By conforming Minnesota’s tax code to the federal government’s, the bill signed today by Governor Dayton will simplify taxes and provide tax cuts for middle class Minnesotans.
Photo content: Flickr User Doug Kerr; US Highway 10 – Minnesota
Minnesotans depend on their roads, bridges, and highways every day. Minnesota businesses also require access to good roads as they move goods and services to market. Recently, Governor Dayton and the Minnesota Department of Transportation announced that ten highway construction projects will receive funding through the state’s new $300 million Corridors of Commerce program. These new projects will reduce travel times and improve safety for Minnesota citizens and help businesses transport their products more efficiently.
Governor Dayton talks to MCTC students abour their new state-of-the-art training facility.
Yesterday, Governor Mark Dayton visited Minneapolis Community and Technical College’s (MCTC) brand new nursing and allied health care facilities. The Governor’s 2012 bonding bill provided $13.4 million for the renovation efforts – allowing the school to consolidate and modernize lab space for its nursing, phlebotomy and electroneurodiagnostic technology programs. The new space also emulates a hospital setting to better prepare students for future employment.
When Minnesota invests in infrastructure projects like this one, we also are making critical investments in people. These newly upgraded facilities will provide future nurses and other health care professionals access to state-of-the-art training that will prepare them for success in their careers.
Governor Mark Dayton signed the K-12 Omnibus budget bill as Representative Erin Murphy, Speaker Paul Thissen, Representative Kathy Brynaert, and Representative Paul Marquart watched.
Today, Governor Mark Dayton was joined by legislative leaders as he signed the K-12 Omnibus budget bill – the capstone of a historic session for education in Minnesota.
“This year, the DFL legislature has made the investments necessary to give our kids the quality education they deserve—and the quality education our future depends on. All-day Kindergarten should have happened years ago; we’re catching up and we’re moving ahead. This is money well spent, and I think Minnesotans will know that and believe it,” said Governor Dayton.
This legislative session was highlighted by once in a generation investments in our schools, including our state’s first commitment to all-day kindergarten for every child. Minnesota schools will see over $240 million in new funding thanks to the budget agreed to by the Governor and DFL leaders, including millions for early learning, testing reform and special education.
On Tuesday, Governor Dayton and DFL legislative leaders held a press conference to talk about middle class investments made in the Minnesota state budget
The budget passed by Governor Dayton and the DFL legislature puts fairness back in the system. It strengthens Minnesota’s middle class and our economy by lowering property taxes and making investments in education and job creation to move Minnesota forward.
The budget closes the deficit for the long term and makes spending cuts and reforms. It pays for new investments in education and job creation by asking the richest 2% of Minnesotans to pay their fair share and closing corporate tax loopholes.
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