Status update on tax law changes implementation - December 6, 2021

Minnesota Department of Revenue sent this bulletin at 12/06/2021 01:29 PM CST

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Minnesota Department of Revenue

Minnesota tax code changes were signed into law on July 1, 2021. Among the changes were those relating to Unemployment Insurance (UI) compensation, Paycheck Protection Program (PPP) loan forgiveness, and other retroactive conformity provisions affecting tax years 2017 through 2020.   

 

Revenue is committed to providing updates on progress being made on updating our forms, developing and testing our system, communicating to impacted taxpayers who need to amend their returns, and providing information on when refunds start going out to impacted taxpayers. Previous status updates were provided on August 13, August 30, October 5, October 26, and November 15. 

 

As of December 6, 2021, we have processed over 408,000 impacted returns out of a total of about 540,000. Of those returns, over 16,400 had PPP loan forgiveness adjustments.  

  • Systematic processing began at the end of October with the goal of processing 50,000 returns each week.   
  • We have systematically processed more than 331,000 returns and have about 86,000 remaining. We anticipate systematic processing to be complete by the end of the year. 
  • Manual processing began the week of September 13. These returns contain more complicated tax circumstances and require additional time and work by Revenue employees to complete. 
  • We have manually processed more than 77,000 returns and have about 49,000 remaining. We anticipate manual processing to be complete in early 2022. 

 

We will continue to provide status updates as they are available.