There are several upcoming new tax laws and changes to existing taxes in 2024 to be aware of. The Minnesota Department of Revenue has released updated information effective as of April 1, 2024.
Increases to existing local taxes:
New local tax laws:
For more information on all of the local taxes visit the MN Department of Revenue’s Local Sales Tax Information page.
DISCLAIMER: This blog is provided for informational purposes only and is not a substitute for obtaining accounting, tax, or financial advice from a professional accountant. Presentation of the information in this article does not create nor constitute an accountant-client relationship. While we use reasonable efforts to furnish accurate and up-to-date information, the evolving landscape surrounding these topics is supported by regulations or guidance that are subject to change.
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