Minnesota Reports & Information

NEWS & MEDIA

The Latest News from CTJ's Tax Justice Blog

• State News Quick Hits: Pushback on Tax Cuts as Job Creators, and More - 05/2013
• State News Quick Hits: Ohio and Minnesota On Opposite Income Tax Tracks, and More - 04/2013
• Mid-Session Update on State Gas Tax Debates - 04/2013



ITEP in the News

• Twin Cities Daily Planet: National report confirms- Minnesota has more work to do on tax fairness - 02/2013
• Minnesota Post: Study confirms Minnesota's tax system is unfair - 02/2013
• Twin Cities Daily Planet: Tax Cut on Autopilot - 01/2012
• Minnesota Post: New study sure to intensify political battle over corporate income taxes - 11/2011
• Advocate Tribune: Minnesota's Tax Fairness Retreat- Low-, middle-income shouldering more of state's revenue burden - 03/2011



ITEP Numbers and Reports

• Minnesota Budget Project: Tax Increases Don't Prompt High-Income Households to Move Out of State - 04/2013
• Who Pays? (Fourth Edition) - 01/2013
• ITEP's Public Comments to the Governor's 21st Century Tax Reform Commission - 09/2008
• Economic Development in Minnesota - High Subsidies, Low Wages, Absent Standards - 02/1999
• ITEP Testimony on Minnesota Tax Expenditures Before the Minnesota Corporate Subsidy Reform Commission - 05/1998






RESOURCES




State Tax & Revenue Information

• Minnesota Department of Revenue Publications
• Minnesota Legislative Reference Library - Resources on Minnesota Issues: State Budget



Tax Expenditure Reports

• Minnesota Tax Expenditure Budget Reports



State Statutes & Legislation

• Minnesota State Legislature
• Minnesota Statute Search



State Tax Forms

• Minnesota Tax Forms
  
  

ORGANIZATIONS



• Minnesota Budget Project
• Minnesota Citizens for Tax Justice

Minnesota
By the Numbers

Below is a snapshot of key features of Minnesota's tax system. (Scroll Down) State & Local Revenue (FY10) General Revenue, Own-Source (GROS): $35.5 billion General Revenue as a Share of Income: 16.1% Tax Revenue: $24.4 billion Tax Revenue as Share of income: 11.0% Personal Income Tax (Share of Tax Revenue): 26.5% (10 out of 51) Corporate Income Tax (Share of Tax Revenue): 3.0 % ( 22 out of 51) Sales & Excise Tax (Share of Tax Revenue): 33.5 % ( 27 out of 51) Property Tax (Share of Tax Revenue): 30.7 % ( 31 out of 51) Other Taxes (Share of Tax Revenue): 4.1 % (32 out of 51) Personal Income Tax Features (2012) Range of Tax Rates: 5.35% - 7.85% Standard Deduction: $5,950 ($11,900 for Married Couples) Personal Exemption: $3,800 Dependent Exemption: $3,800 Earned Income Tax Credit (EITC): Varies Based on Income, Average 33% Refundable Corporate Income Tax Features (2012) Range of Tax Rates: 9.80% Income Level at Which Top Rate Applies: All Combined Reporting: Yes Apportionment Factor (Payroll): 3.5% Apportionment Factor (Property): 3.5% Apportionment Factor (Sales): 93% Apportionment Note: SSF phasing-in; will be fully implemented in 2014 Sales Tax Features (2012) 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 Streamlined Sales Tax Membership: Full State sales tax rate scheduled to decline to 6.5% in 2034 Property Tax Features (2012) 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 (2012) Gasoline Tax Rate (per gallon): $0.286 Diesel Tax Rate (per gallon): $0.286 Cigarette Tax Rate (per pack): $1.60 Estate or Inheritance Tax: Yes Net Lottery Sales Per Capita: $82 Tax Policy Oversight Tax Expenditure Report: Yes Tax Incidence Analysis Capability: Multiple taxes Last Updated October 4, 2012 Sources & Glossary