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Gov. Walz signs tax breaks into law with conformity bill, the first of the session

Summary by Ground News
Minnesota Gov. Tim Walz on Thursday, Jan. 12, signed into law the first bill of the 2023 legislative session, a tax conformity bill that's projected to bring more than $100 million in tax relief over the next few years. During the pandemic, the federal government enacted policies that affected the tax status of businesses and individual filers, including student loan borrowers and the hospitality industry. Because Minnesota hadn't conformed its tax laws to the federal code since 2019, some filers in the state may have missed out on some of the credits and deductions.

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Pioneer PressPioneer Press
Center

Walz signs first bill of 2023, a measure to conform tax code with federal rules

The bill brings Minnesota’s tax code into conformity with federal tax rules.

·Saint Paul, United States
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Duluth News TribuneDuluth News Tribune
Center

Gov. Walz signs tax breaks into law with conformity bill, the first of the session

The bill brings Minnesota’s tax code into alignment with the federal code, which underwent several changes in recent years as Congress passed pandemic-relief bills.

·Cherokee County, United States
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Duluth News Tribune broke the news in Cherokee County, United States on Thursday, January 12, 2023.
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