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Senate takes up Tax Bill

Senate takes up Tax Bill Click to Enlarge Photo:

Apr 29, 2013 at 6:30 am

ST. PAUL, Minn. (AP) Minnesota's Senate is gearing up for debate on a plan to repeal the longstanding sales tax exemption on clothes.

The Senate convenes Monday afternoon to take up its tax bill. In addition to a new clothing tax, it raises income taxes on the state's highest earners.

Under the plan, individuals who earn $80,000 and up and joint filers with taxable income above $141,000 would see their state rate jump from 7.85 percent to 9.4 percent. The bill's author says that's about 6 percent of filers.

The Senate plan goes further than separate proposals by Gov. Mark Dayton and House Democrats, who both increase income tax burden only for the top 2 percent.

The House tax bill does have an additional surcharge on a small slice of even wealthier people.

Mike Tanner

Posted By Mike Tanner

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