Minnesota Governor Vetoes Omnibus Tax Legislation

On May 23, 2018, Minnesota Gov. Mark Dayton vetoed an omnibus tax bill that proposed numerous corporate and personal income tax changes. According to Gov. Dayton, the bill gave “tax cuts to corporations and the wealthy over the education of our children.”

Minnesota Tax Filing Updates

The Minnesota Department of Revenue has announced that they will begin updating the tax filing systems to account for the differences between the federal and state law.

The full text of the governor’s news release on the veto is available at https://mn.gov/governor/newsroom/#/detail/appId/1/id/340663.

The full text of the department’s response to the veto is available at http://www.revenue.state.mn.us/newsroom/Documents/20180523%20Cmsr%20statement%20veto%20and%20tax%20process.pdf.

H.F. 947, as vetoed by Gov. Mark Dayton on May 23, 2018; News Release, Minnesota Department of Revenue, May 23, 2018; Governor Dayton Vetoes Republican Tax and Omnibus Budget Bills that Put Special Interests Ahead of Minnesota Families, Office of Minnesota Gov. Mark Dayton, May 23, 2018

Login to read more tax news on CCH® AnswerConnect or CCH® Intelliconnect®.

Not a subscriber? Sign up for a free trial or contact us for a representative.



All stories by: CCHTaxGroup