What Minnesota's new tax law means for student borrowers, restaurants and other businesses
January 13, 2023
Gov. Tim Walz signed a fast-tracked proposal Thursday to cut more than $100 million in taxes for Minnesota restaurants and other businesses that got federal aid at the height of the pandemic.
The new law, the first signed under DFL-controlled government, would also wipe away state taxes on student loan debt that could be forgiven under a plan unveiled last year by the Biden administration.
"For the naysayers and the pessimists, yes, work can get done, and yes, folks came together collectively," Walz said while surrounded by leaders in both parties.