Category Archives: Taxes

Tax debate ends with one bill signed, one pocket veto

This afternoon, we saw the final chapter of the tax debate for the 2012 Legislative Session as Governor Dayton took action on the two remaining tax bills. And we are largely back where we started, with some of the most … Continue reading

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A few pieces from vetoed tax bill find a home in House File 2690

I blogged earlier today about how some of the ideas from the vetoed omnibus tax bill (House File 2337) have found new life in two other tax bills moving today at the Legislature. House File 247 includes many provisions from … Continue reading

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Scaled-back tax bill still raises unanswered questions about the future

Last week, Governor Dayton vetoed House File 2337, the omnibus tax bill. But that doesn’t mean the tax discussion is over for this session. Two other tax bills are moving through the Legislature today. House File 247 is in many … Continue reading

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

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 … Continue reading

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

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 conference committee report. Perhaps the most positive feature of the conference report on … Continue reading

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Lawmakers still considering asking renters to pay for business tax cuts

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’98 percent’ constitutional amendment undercuts common-sense budgeting

In our ongoing effort to highlight the pitfalls of budgeting by constitutional amendment, we just released an issue brief, ’98 Percent’ Constitutional Amendment Creates Barriers to Common-Sense Budgeting. The 98 percent amendment is one of several proposed constitutional amendments that would severely limit lawmakers’ ability to create a budget that meets our state’s … Continue reading

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House omnibus tax bill digs deficit hole deeper

Policymakers will soon need to work out differences between the House and Senate omnibus tax bills in a conference committee, making this a good time for an overall picture of what’s in the House bill, House File 2337. The House … Continue reading

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Senate omnibus tax bill worsens state’s future revenue shortfall

The Senate Tax Committee passed its omnibus tax bill, Senate File 1972, last week. The bill includes $104 million in tax cuts in FY 2012-13 and $195 million in FY 2014-15. The major tax cut provisions include: Conforming to federal … Continue reading

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New issue brief highlights mixed news from the February Forecast

We recently released our analysis of the State of Minnesota’s February forecast: Surplus Short-Lived as Deficit Looms. It explains how the $323 million surplus gives Minnesota a chance to catch up on some bills, but the projected $1.1 billion shortfall in FY 2014-15 reminds us that we … Continue reading

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