Title: Amends State Tax Policies and Rebate Check Requirements
Signed by Governor Tim Walz
Title: Amends State Tax Policies and Rebate Check Requirements
Vote to pass a bill that amends state tax policies and rebate checks requirements.
Establishes a child tax credit of up to $1,750 per child for households making less than $35,000 per year and repeals the tax credit for households making over $96,250 (Sec. 1-20).
Expands and increases the K-12 education tax credit to $1,500 per child (Sec. ).
Establishes a one-time rebate check of $260 for single filers making up to $75,000 per year and of $520 for couples making up to $150,000 per year (Sec. 1-20).
Specifies that certain taxpayers shall receive an additional $260 check for up to 3 children (Sec. 1-20).
Specifies that the provisions of this bill shall take effect for taxable years beginning December 31, 2022 (Sec. 1-20).
Title: Amends State Tax Policies and Rebate Check Requirements
Vote to pass a bill that amends state tax policies and rebate checks requirements.
Establishes a child tax credit of up to $1,750 per child for households making less than $35,000 per year and repeals the tax credit for households making over $96,250 (Sec. 1-20).
Expands and increases the K-12 education tax credit to $1,500 per child (Sec. ).
Establishes a one-time rebate check of $260 for single filers making up to $75,000 per year and of $520 for couples making up to $150,000 per year (Sec. 1-20).
Specifies that certain taxpayers shall receive an additional $260 check for up to 3 children (Sec. 1-20).
Specifies that the provisions of this bill shall take effect for taxable years beginning December 31, 2022 (Sec. 1-20).
Title: Amends State Tax Policies and Rebate Check Requirements