Governor Proposes Part-year Resident Income Tax Changes
Posted 2-18-2011 | By Sue Weiskopf-Larson | Download Article
Governor Mark Dayton is recommending a change that would significantly affect individuals who live in Minnesota part-time. The Governor proposes that an individual who is present in Minnesota more than 60 days but less than 183 and maintains an abode in the state for at least six months be subject to Minnesota income tax. Currently, individuals who spend up to 182 days in Minnesota and are domiciled in another state avoid paying Minnesota income tax on their non-Minnesota-sourced income. With the proposed change, individuals would no longer be able to avoid Minnesota income tax if they are present more than 60 days and maintain an abode in Minnesota for at least six months; they would be considered part-year residents subject to Minnesota income tax on a pro-rata share of all of their income. We will keep you updated on developments to this recommendation.
If you have questions, please contact Sue Weiskopf-Larson, MBT, CPA, at 651-407-5893 or sweiskopf@hlbtr.com.