Minnesota SF1964 proposes to return half of the state's budget surplus to taxpayers through rebate checks.

The Governor Tim Walz Rebate Check Act of 2023 aims to return money to Minnesota taxpayers by issuing rebate checks. The bill finds that the state's budget surplus indicates overtaxation and seeks to provide relief amid high inflation. Eligible individuals include those who were Minnesota residents in 2021 and filed a 2021 income tax return by October 15, 2022. Rebate amounts vary based on filing status and residency duration. Payments will be made by check, warrant, electronic funds transfer, or debit card.

Minnesota SF1964 proposes to return half of the state's budget surplus to taxpayers through rebate checks.

The Governor Tim Walz Rebate Check Act of 2023 aims to return money to Minnesota taxpayers by issuing rebate checks. The bill finds that the state's budget surplus indicates overtaxation and seeks to provide relief amid high inflation. Eligible individuals include those who were Minnesota residents in 2021 and filed a 2021 income tax return by October 15, 2022. Rebate amounts vary based on filing status and residency duration. Payments will be made by check, warrant, electronic funds transfer, or debit card.