ST. PAUL, Minn. — The Latest on the Senate's passage of its tax bill (all times local):

5:10 p.m.

The Minnesota Senate has passed its plan to cut income taxes while matching new federal tax cuts.

The bill passed Thursday would lower taxes on the first income bracket from 5.35 percent to 5.1 percent. It would also trigger future tax cuts when the state has a budget surplus and exempt estates worth up to $5 million from taxes.

It passed on a 34-32 vote, with all Democrats voting against it.

It's the final piece in a debate between the Republican-controlled Legislature and Democratic Gov. Mark Dayton. The two sides have just over two weeks to strike a final deal.

2:05 p.m.

The Minnesota Senate is preparing to vote on its plan to cut income tax rates while matching the federal tax overhaul.

The Republican-controlled Senate's proposal up for a vote Thursday would lower taxes on the first income bracket from 5.35 percent to 5.1 percent. It would also trigger future tax cuts when the state has a budget surplus and exempt estates worth up to $5 million from taxes.

Democratic Gov. Mark Dayton has signaled some openness to the tax rate cut. But he favors his approach of redirecting $400-plus million in additional tax revenue to middle income families through new tax credits.

A final vote was expected later Thursday.

Then the real work can begin. Dayton and Republican legislative leaders have just over two weeks to strike a final deal.