Walz promised $1000 for an individual and $2000 for a couple (family).
The DFL trifecta spent down the surplus as much as they could and then added the income cap and lower pay-out.
Among the MN programs … Renters below a certain income threshold also receive a renter’s tax refund which pays out in August.
It is called redistribution of wealth !
Wonder why high wage earners and high/mid income retirees often settle down in FL, TN, and TX ?? No state income tax.
MN reduced state tax on Social Security. In WI it is not taxed at all.
State tax refunds are not taxable unless you itemize deductions on your federal tax return. If you itemize and claim state income tax deduction and then subsequently get a refund … that money is taxable. Many less people itemize now than before the Trump led tax reform.