Minnesota Gift Tax Kicks in Monday

St. Paul Pioneer Press

While states such as Indiana and Tennessee recently have eliminated wealth-transfer taxes, Minnesota is doubling down.A state gift tax, scheduled to take effect Monday, makes Minnesota only the second state in the country to tax large gifts between residents.

http://www.twincities.com/minnesota/ci_23563052/little-debated-minnesota-gift-tax-kicks-july-1

6/28/2013