HF3955 — Tax refunds; tip income tax subtraction provided, Minnesota child tax credit expanded, onetime expansion of property tax refunds provided, and new fifth tier individual income tax rate established.

HF3955 — Tax refunds; tip income tax subtraction provided, Minnesota child tax credit expanded, onetime expansion of property tax refunds provided, and new fifth tier individual income tax rate established. · Informed CitizenryHF 3955 proposes several changes to Minnesota state taxation. It establishes a new fifth tier for individual income tax at 10.7% for those earning over $1,000,000 (or over $600,000 for unmarried in…Open in Informed Citizenry