Senator Reinert Introduces Bill to Repeal Warehousing Tax
ST. PAUL, MINN. – In a move he’s been supporting for months, Senator Roger Reinert (DFL-Duluth) introduced a bill on Tuesday to repeal last year’s implementation of the warehousing tax. The tax was part of a larger package of new business to business (B2B) taxes that are set to go into effect this April.
“I have not been supportive of the new B2B taxes, because I believe they are not the best tax policy. Most businesses will simply pass these expenses along to their customers and consumers.” said Sen. Reinert. “The warehousing tax is especially concerning for the Port of Duluth. It would put the Port at a distinct competitive disadvantage with our warehousing facilities in Wisconsin.”
While Sen. Reinert does support reform of our state’s sales tax policy, he believes the business to business taxes aren’t the way to effect real reform. Rather than implementing new taxes, Sen. Reinert believe this ‘Unsession’ is a good time to review and eliminate business tax loopholes and deductions This would allow for a more streamlined tax code and a lower overall rate while still bringing in the revenue required to maintain the level of services Minnesotans expect from their local and state governments.
“Repealing the warehousing tax means this tax won’t be passed onto consumers, and it won’t impede our state’s growing economy. I want to demonstrate that the Minnesota legislature believes in a fair and equitable tax code,” said Sen. Reinert.
The warehousing tax would go into effect in April. Senator Reinert supports Governor Dayton in calling for the repeal of this new tax by mid-March.
Sen. Reinert welcomes your questions and comments; you can contact him at Sen.Roger.Reinert@senate.mn or by calling his office at (651) 296-4188.