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Minnesota
By the Numbers

Minnesota Below is a snapshot of key features of Minnesota's tax system. (Scroll Down)
Personal Income Tax Features (2015)
  • Range of Tax Rates: 5.35% - 9.85%
  • Standard Deduction: $6,300 ($12,600 for Married Couples)
  • Personal Exemption: $4,000
  • Dependent Exemption: $4,000
  • Earned Income Tax Credit (EITC): Varies Based on Income, Average 33% Refundable
Corporate Income Tax Features (2015)
  • Range of Tax Rates: 9.80%
  • Income Level at Which Top Rate Applies: All
  • Combined Reporting: Yes
  • Apportionment Factor (Payroll): 0%
  • Apportionment Factor (Property): 0%
  • Apportionment Factor (Sales): 100%
Sales Tax Features (2015)
  • State Sales Tax Rate: 6.875%
  • Average Local Sales Tax Rate: 0.325%
  • Average Combined State & Local Sales Tax Rate: 7.20%
  • State Sales Tax Treatment of Groceries: Exempt
  • Local Sales Tax Treatment of Groceries: Exempt
  • Number of Services Taxed: 66 out of 168 surveyed (2007)
  • Streamlined Sales Tax Membership: Full
  • State sales tax rate scheduled to decline to 6.5% in 2034
  • State sales tax rate scheduled to decline to 6.5% in 2034
  • State sales tax rate scheduled to decline to 6.5% in 2034
Property Tax Features (2015)
  • Provides a circuit breaker for homeowners and renters of all ages
  • Provides a means-tested homestead credit.
  • Utilizes a graduated assessment ratio.
Other Tax & Revenue Features (2015)
  • Gasoline Tax Rate (per gallon): $0.286
  • Diesel Tax Rate (per gallon): $0.286
  • Cigarette Tax Rate (per pack): $2.90
  • Estate or Inheritance Tax: Yes
  • Net Lottery Sales Per Capita: $82 (2010)
Tax Policy Oversight
  • Tax Expenditure Report: Yes
  • Tax Incidence Analysis Capability: Multiple taxes

Last Updated January 13, 2015

Sources & Glossary