Tax Law Changes
2021 Legislative Session Update
No changes were enacted to Minnesota's tax laws during the 2021 legislative session that ended Monday, May 17. Under current law, Minnesota does not conform to the latest federal updates, including the American Rescue Plan Act. At this time, Unemployment Insurance income and forgiven Paycheck Protection Program loans remain taxable sources of income in Minnesota.
We are monitoring the progress of potential Minnesota tax law changes and will provides updates on any changes that occur and what taxpayers may need to do as a result. At that time, we'll provide guidance on whether taxpayers may need to file and amended return, or if we can adjust previously filed returns to account for those changes.
For the latest information, check this page and subscribe to our Tax Law Changes email updates.