2025 Tax Law Changes Explained: Key Takeaways from the One Big Beautiful Bill
Signed into law by President Trump on July 4, 2025, the “One Big Beautiful Bill Act” introduces several notable changes to the tax landscape. Along...
June 8, 2017 — UPDATE: The Tax Cuts and Jobs Act has become law since this article originally appeared. This article is still accurate on the state level. If you’d like to learn about the key provisions of tax reform, please click here.
While federal tax changes are still a big unknown, Governor Mark Dayton recently signed an omnibus tax bill that enacts several changes that will impact Minnesota business and individual taxpayers. Listed below are highlights of the bill and the new tax laws:
There are many other provisions in the tax bill that could impact both individual and business taxpayers in Minnesota. But at least the tax picture is much clearer at the state level than at the federal level. Before taking any action, however, consult with a tax expert and understand how these changes and provisions might impact your specific tax situation. If you'd like to speak with someone and get a head start on tax planning, you can reach out to your Redpath and Company tax advisor or Gloria McDonnell at 651-407-5829 or gmcdonnell@redpathcpas.com.
Signed into law by President Trump on July 4, 2025, the “One Big Beautiful Bill Act” introduces several notable changes to the tax landscape. Along...
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