Minnesota HF167 allows unlimited Social Security subtraction, modifies individual income tax rates, and changes property tax refunds.

Minnesota HF167 allows an unlimited subtraction for Social Security benefits in individual income tax calculations. It modifies individual income tax rates by setting specific brackets and percentages for different income levels. The bill also changes property tax refunds by adjusting the income thresholds and maximum refunds based on household income. Effective dates for these changes vary, with some provisions taking effect in 2026 and others in 2027.

Minnesota HF167 allows unlimited Social Security subtraction, modifies individual income tax rates, and changes property tax refunds.

Minnesota HF167 allows an unlimited subtraction for Social Security benefits in individual income tax calculations. It modifies individual income tax rates by setting specific brackets and percentages for different income levels. The bill also changes property tax refunds by adjusting the income thresholds and maximum refunds based on household income. Effective dates for these changes vary, with some provisions taking effect in 2026 and others in 2027.