Subscribe
Please support our blog!
Recently on our blog…- Constitutional budget amendments kept on the sidelines May 17, 2012 Nan Madden
- Tax debate ends with one bill signed, one pocket veto May 14, 2012 Nan Madden
- A few pieces from vetoed tax bill find a home in House File 2690 May 9, 2012 Nan Madden
- Scaled-back tax bill still raises unanswered questions about the future May 9, 2012 Nan Madden
- Tax cuts are a risky way to try to stimulate state’s economy May 4, 2012 Nan Madden
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
Posted in Budget Proposals, Taxes
Tagged 2012 Legislative Session, omnibus tax bill, property taxes, tax bill, tax reform
1 Comment
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
Posted in Budget Proposals, Taxes
Tagged omnibus tax bill, property tax refund, renters credit, tax credits, Taxes
Leave a comment
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
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
Posted in Budget Proposals, Economy, Taxes
Comments Off
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
Posted in Budget Proposals, Taxes
Tagged property tax refund, renters credit, targeted property tax refund
2 Comments
Lawmakers still considering asking renters to pay for business tax cuts
Posted in Action Opportunity, Economy, Taxes
Tagged omnibus tax bill, property tax refund, renters credit, renters rebate
Comments Off
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
Posted in Taxes
Tagged property tax refund, renters credit, Statewide property tax, targeted property tax refund
Comments Off
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
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
Posted in Budget Proposals, Economy, Taxes
Tagged deficit, economic forecast, February Forecast, shortfall, surplus
Comments Off
