Phasing out Social Security tax on seniors considered in Minnesota
Forum News Service
ST. PAUL -- A Minnesota House committee dealing with aging Minnesotans voted Wednesday to phase out the tax the state charges on Social Security benefits.
The House Aging and Long-Term Care Policy Committee sent five bills to get rid of the tax to the Taxes Committee.
If Social Security were not taxed, the average Minnesota senior citizen would save $600 a year, the committee heard.
Most states do not tax Social Security.
Supporters of the bills testified that getting rid of the tax would help Minnesota's elderly afford to live in their own homes longer.
The bills vary on how long it would take to phase out the tax, with two taking 10 years and the others less time.