MN preparers heads up

By MN2V
May 23, 2012 in General Chat

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Posted May 23, 2012

Recent legislation provides targeted tax relief for Homeowners equal

to 90% of any tax increase (formerly 60%) over 12% for taxes paid in

2012 only. Dept of Revenue will figure the adjusted amount.

Refund rate will increase from 60% to 75% for 2013 and after.

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