ST. PAUL, Minn. – The Minnesota Department of Revenue says it’s finished processing nearly 540-thousand tax returns affected when the state legislature exempted COVID unemployment insurance benefits from state income tax.
The returns also include federal Paycheck Protection Program loans to businesses.
Assistant Revenue Commissioner Sarah Bronson says the state sent out over 300 million dollars in refunds or a reduction in taxes for taxpayers whose returns were affected by the law change.
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