Taxes

Tax cuts are a risky way to try to stimulate state's economy

By Nan Madden, Minnesota Budget Bites

Proponents of the omnibus tax bill vetoed today by Governor Dayton made the case that the tax cuts it contains – primarily a freeze on the statewide property tax paid by businesses and cabins and incentives for investors in certain businesses – would spur economic growth in Minnesota.

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Minnesota Budget Bites

Gov. Mark Dayton vetoed the omnibus tax bill

By Lee Ann Schutz Wahi, Session Weekly/Session Daily

Gov.

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Conferred tax bill passes House and moves to Senate

By Lee Ann Schutz Wahi, Session Weekly/Session Daily

A Republican proposal to provide tax relief to state businesses passed the House 75-57, with DFLers characterizing it as “uberpartisan,” and that education would get the short shrift because of how

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Tax conference committee avoids cuts to renters' property tax refunds, passes tax bill

By Nan Madden, Minnesota Budget Bites

The tax conference committee, charged with working out a compromise between House and Senate omnibus tax bills, appears to have finished their work and have passed a conf

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Minnesota Budget Bites

Lawmakers still considering asking renters to pay for business tax cuts

By Nan Madden, Minnesota Budget Bites

Many Minnesotans put the final touches on their income tax forms yesterday, and as they did so, many also submitted their applications for state property tax refunds, which help homeowners and renters whose property taxes make up a high share of their incomes.

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Minnesota Budget Bites

Top 10 facts about our LOW taxes

By Dane Smith, Growth And Justice

The week when federal taxes are due predictably generates fist-shaking by the various forces for individualism and small government, and increasingly, counter-demonstrations by the "99 percenters'' who favor a stronger public sector and more fair economic outcomes.

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Growth And Justice

Senate omnibus tax bill worsens state's future revenue shortfall

By Nan Madden, Minnesota Budget Bites

The Senate Tax Committee passed its omnibus tax bill, Senate File 1972, last week. The bill would cut taxes by $102 million in FY 2012-13 and $193 million in FY 2014-15. The major tax cut provisions include:

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Minnesota Budget Bites

Tax bill moves through House

By Lee Ann Schutz Wahi, Session Weekly/Session Daily

Rep. Greg Davids is the sponsor of the omnibus tax bill. (Photo by Paul Battaglia)

A phase-out of a state property tax levy paid by seasonal/recreational property owners and business property owners is the cornerstone of  MORE »

FREE SPEECH ZONE | GOP tax proposal has no basis of fact

By Myles Spicer, Free Speech Zone

Like a bad meal, brought up again, the Republican dominated Senate repeated the old myth that business tax breaks will create jobs ("Minnesota GOP proposals would phase out state property taxes

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House omnibus tax bill makes dramatic cuts to renters' property tax refunds

By Nan Madden, Minnesota Budget Bites

Last month we discussed dramatic cuts to the Renters’ Credit passed by the House Property and Local Tax Division. Those cuts were used to pay for a reduction in the statewide business property tax.

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Minnesota Budget Bites
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