Minnesota 2025-2026 Regular Session

Minnesota Senate Bill SF1964

Introduced
2/27/25  

Caption

Governor Tim Walz Rebate Check Act of 2023 establishment and appropriation

Impact

Should SF1964 be enacted, it would introduce a direct payment system through the Minnesota Department of Revenue, benefiting individuals who filed a 2021 income tax return. Specific eligibility is outlined, including conditions for those who filed for property tax refunds. By implementing this rebate, the proposed law would alter the state's budget allocation, directing a significant portion of available funds back to taxpayers, potentially stimulating local economies as individuals utilize these funds for essential goods and services.

Summary

SF1964, known as the 'Governor Tim Walz Rebate Check Act of 2023,' seeks to provide direct financial relief to residents of Minnesota through a rebate payment. In light of the state's notable budget surplus and rising inflation, the bill proposes returning half of this surplus to taxpayers in the form of direct payments. The legislation aims to address the financial burden felt by individuals facing the highest inflation rates in decades, thereby providing much-needed economic relief.

Contention

The proposed legislation may elicit varying opinions among policymakers. Supporters highlight the necessity of returning taxpayer money amid excessive state revenue, framing it as a straightforward mechanism for delivering financial assistance. Critics, however, could argue that the direct payment does not adequately address larger systemic issues related to inflation or other long-term economic challenges. Debate may also arise regarding the administration logistics of the payment system and its implications for future state budgets.

Companion Bills

No companion bills found.

Previously Filed As

MN SF3596

Onetime emergency rental assistance aid for counties and Tribal governments establishment and appropriation

MN SB0173

Appropriations: general government; appropriations for fiscal year 2025-2026; provide for. Creates appropriation act.

MN HR9

Resolution urging President Trump and Governor Walz to pardon Derek Chauvin

MN SR17

A Senate resolution expressing the sense of the Senate condemning Governor Tim Walz's recent comments to the Minnesota Nursing Association

MN SF4327

Onetime emergency rental assistance aid for counties and Tribal governments establishments, claims administrator to return unused funds requirement provision, prior appropriation cancellation provision, temporary extended time period to correct delinquent rent provision, and appropriation

MN HB5601

Appropriations: general government; appropriations for fiscal year 2026-2027; provide for. Creates appropriation act.

MN SB1831

2026-2027; general appropriations act

MN HB4138

2026-2027; general appropriations act.

MN SF1527

Minnesota Elections Integrity Act establishment and appropriation

MN HB2947

General appropriations act; 2025-2026

Similar Bills

MN HF3659

Taxpayers who earned Minnesota-source income while participating in immigration enforcement activities required to file an income tax return.

MN SF4522

Taxpayers earning Minnesota-sourced income while participating in immigration enforcement activities filing income tax returns requirement provision

MN HF1659

American Indian incarcerated individuals cultural program modified, community supervision reporting requirements clarified, federal law enforcement agents who transport persons exempted from definition of protective agent, and obsolete civil commitment law regarding incarcerated individuals with mental illness repealed.

MN SF1103

Minnesota Rehabilitation and Reinvestment Act Repealer

MN SF4138

Definition for covered insulin for the insulin safety net program and manufacturer registration fee provision

MN HF3756

Definition for covered insulin provided for the insulin safety net program and manufacturer registration fee.

MN HF3902

Eligible recipients for Minnesota housing tax credit contributions modified, and credit sunset repealed.

MN HF4183

Requirements necessary for a health carrier to discontinue individual health plans eliminated, and state exception for a health carrier's uniform modification of coverage under an individual market health plan established.