MINNEAPOLIS —If you earn minimum wage, get ready to pocket a bit more cash in the new year. Starting on Jan. 1,Minnesota's minimum wage rates will increase to $10.85 for large employers and $8.85 for other state minimum wages. This is up 26 cents from the curren...
Under Walz, Minnesota became the only state to impose asurtaxon the long-term capital gain income and other net investment income of high earners (all other states tax long-term capital gains at ordinary income tax rates or even preferential rates). Walz also signed legislation partially phasing...
If passed, it would be a $604 million hit to state revenues in 2024 that increases in years after, a Department of Revenue estimate shows. Still others remain firm that full exemption is a top priority, setting up an intraparty battle that is likely to take many months...
Factor in the federal solar tax credit, and you can cut the cost of solar by thousands of dollars, speeding up your payback periods and increasing the value of your investment. Here's what you need to know about going solar in The North Star State. ...
A Kentucky lawmaker is hoping his quest to limit the pardon powers of governors in his state has gotten a jolt of momentum from ex-President Joe Biden Associated PressFeb. 7, 2025 Trump Official's Directive Tying Transportation Grants to Birth Rates Could Hinder Blue States ...
Considering Troy's proximity to Detroit, it's no surprise the city is home to a thriving automobile manufacturing industry. It's also a booming high-tech hub and has one of the lowest tax rates in the region. The median home value is $375,600, and the median household income is $115...
Texas does not have a state income tax, giving residents more disposable income. #14. Michigan Canva #14. Michigan Average Cost of Living Index: 92.2 Housing costs are almost 20% cheaper in Michigan than the national average. In 2022, two Michigan cities—Detroit and Grand Rapids—ranked in...
News & World Report, [allows] for IRA owners to defer paying tax on those funds while they, hopefully, keep growing. You may also like: 50 endangered species that only live in the Amazon rainforest Filed Under: Minnesota, Minnesota Laws, minnesota state patrol, roads, Traffic Categories: ...
The revenue source has been a minimum of 40% of the net proceeds from the Minnesota State Lottery, which is only constitutionally guaranteed through 2024 (Legislative-Citizen Commission on Minnesota Resources 2018b). The fund has a market value of $1.1 billion USD and has distributed about $...
Some businesses unfortunately will still see an income tax increase as provisions are only partially offset by state tax-relief measures. A large part of our success came in preventing massive tax increase proposals that would hurt every business in the state. This session, we prevented; More ...