**Minnesota Officials Discover $352 Million Error in Tax Cut Bill**
Minnesota officials have recently discovered a significant error in a $3 billion tax cut bill that was passed by lawmakers earlier this year. This mistake could potentially cost taxpayers $352 million over the next two years. However, state leaders have reassured the public that they are committed to rectifying the error before it takes effect.
**The Error and Its Implications**
The head of the Minnesota Revenue Department, Paul Marquart, revealed that his staff had identified the error while reviewing the nearly 400-page bill. It was discovered that lawmakers had unintentionally used the 2019 standard deduction for the 2024 tax year, failing to account for four years of inflation adjustments. As a result, most taxpayers would face a $1,600 reduction in their standard deduction.
According to Marquart, the mistake would lead to single filers experiencing a $110 increase in their taxes, while married couples would face a $210 increase. If the law is not amended, approximately 2.3 million tax returns would be affected.
**The Response from State Officials**
State officials, including Republican State Representative Greg Davids, acknowledged that errors can occur when staff members work overtime to complete tasks at the end of a legislative session. While some issues can be resolved through explanation letters, Davids believes that this particular error will necessitate a change in the law.
Davids emphasized the severity of the mistake, stating, “Mistakes are made, but this is a doozy.” Nevertheless, he expressed optimism that the error could be corrected promptly by working together upon returning to the legislature.
In conclusion, Minnesota officials have identified a significant error in a recently passed tax cut bill, which could potentially cost taxpayers $352 million over the next two years. However, state leaders have reassured the public that they are committed to remedying the mistake before it goes into effect. The discovery of this error serves as a reminder of the importance of careful review and attention to detail in the legislative process.
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