Just days into the 90th Minnesota legislature, the legislature passed a federal tax conformity bill and the Governor signed it into law Friday. The bill aligns Minnesota’s tax code with relevant federal changes prior to tax filing season. The bill will provide around $21 million in tax cuts to over 200,000 Minnesotans, including deductions for mortgage insurance premiums.
Homeownership Initiative Update: The bills providing the foundation for the 2017 Homeownership Initiative are in final stages of drafting and legislative authors are now being confirmed. Look for more information in the coming days as we roll out specific initiatives.