Purpose of the Bill

The bill aims to modify taxation laws in Minnesota, specifically to address tax requirements during a governmental shutdown period. It seeks to alleviate tax burdens on specific wages paid during such times.

Main Provisions

• Tax Relief During Shutdowns: The bill introduces a provision to exempt certain wages from tax deductions when paid during a governmental shutdown.
• Modification to Existing Laws: It proposes an amendment to Minnesota Statutes 2024, section 290.0132, by adding a new subdivision that specifies these tax exemptions.

Significant Changes to Existing Law

• The new subdivision allows for certain wages paid during a shutdown to be subtracted from tax obligations, effectively reducing the tax load on these wages. This adds a layer of financial protection for employees who continue to receive wages during periods when government operations are suspended.

Relevant Terms

• Taxation
• Shutdown period
• Tax deduction
• Wages
• Minnesota Statutes chapter 290