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On January 6, 2026, the state of Minnesota announced new taxation measures that are set to take effect this year. The changes, which were approved by the state legislature, aim to address budgetary issues and ensure a more equitable distribution of tax burden among residents.One of the key changes in the new taxation measures is the introduction of a higher income tax rate for high earners. Individuals earning over $250,000 a year will now be subject to a higher tax rate of 10%, up from the previous rate of 8.5%. This increase is expected to generate additional revenue for the state and help fund essential public services.In addition to the income tax rate hike, the state government has also announced an increase in property taxes for commercial properties. The new measures will see commercial property owners paying an additional 2% in property taxes, with the proceeds going towards funding infrastructure projects and economic development initiatives.Furthermore, the state has introduced a new tax on online sales. Starting this year, online retailers will be required to collect sales tax on all purchases made by Minnesota residents, regardless of whether the retailer has a physical presence in the state. This measure aims to level the playing field between online and brick-and-mortar retailers and ensure that all businesses operating in the state contribute their fair share of taxes.Overall, the new taxation measures introduced by Minnesota aim to address budgetary challenges and ensure that the tax burden is distributed more fairly among residents. While some may argue that the higher tax rates could discourage investment and economic growth, supporters believe that the measures are necessary to fund essential services and promote a more equitable society. Time will tell how these changes will impact the state's economy and residents in the years to come.