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Senate Counsel, Research and Fiscal Analysis
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Minnesota Senate Bldg.
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95 University Avenue W. Suite 3300
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St. Paul, MN 55155
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(651) 296-4791
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Alexis C. Stangl
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Director
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Senate
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State of Minnesota
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S.F. No. 1175 - Subtraction of Social Security Benefits
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Author:
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Senator Ann H. Rest
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Prepared By:
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Nora Pollock, Senate Counsel (651/297-8066)
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Date:
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February 21, 2017
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This bill provides a subtraction of taxable Social Security benefits for purposes of calculating Minnesota taxable income, beginning in tax year 2017. The subtraction is allowed in the following amounts, whichever is less:
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Married couples filing jointly: $1,600 or amount of taxable benefits;
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Single or head-of-household filer: $1,250 or amount of taxable benefits; and
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Married couples filing separately: $800 or amount of taxable benefits.
The bill also provides a corresponding subtraction for purposes of calculating Minnesota alternative minimum tax (AMT).
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Check on the status of this bill
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Back to Senate Counsel and Research Bill Summaries page
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This page is maintained by the Office of Senate Counsel, Research, and Fiscal Analysis for the Minnesota Senate.
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Last review or update: 02/21/2017
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