IntroducedFiled Mar 25, 2026
Sponsor: Gomez
Latest Action
Author added Johnson, P.
May 13, 2026
Summary
The bill adds a new state tax that charges 1% of a person’s or trust’s taxable wealth that exceeds $10 million. It applies only to property located in Minnesota and is charged in addition to existing taxes. The tax would begin for fiscal years starting after Dec. 31, 2025.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
Topics
Track this bill
Get real-time alerts when HF 4616 changes status, plus AI-powered summaries and stage predictions.
Sign up free