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Lueck’s Bill to Stop Taxing Social Security Benefits Passes House
A bill Rep. Dale Lueck, R-Aitkin, authored to phase out Minnesota’s practice of taxing Social Security benefits passed the House Wednesday as a provision in the House omnibus tax bill. Estimates indicate Lueck’s provision would provide tax relief in the range of $280 to $600 per person to more than 366,500 Minnesotans. Many of the citizens who stand to benefit live in District 10B, where Lueck said about 43 percent of the residents receive Social Security retirement benefits….Lueck said in a news release. “Minnesota currently is one of only six states to fully tax Social Security retirement benefits and it’s time we join the vast majority of other states as to how we treat our elderly. Their budgets are often very tight. Not taxing their Social Security retirement benefits would be a huge help.” Read more…