The Omnibus Tax Bill expands tax credits for working families, helps ease the growing burden of student loan payments, and delivers property tax relief to farmers and small businesses across Minnesota. The bill passed the Minnesota Senate today with a bipartisan vote of 55-12; its next stop is the governor’s desk. Sen. Rod Skoe (DFL-Clearbrook) authored the omnibus bill as chair of the Senate Tax Committee.
Members of the Minnesota Senate and House met today in a conference committee to discuss a joint proposal for a tax omnibus bill. The proposal provides $258 million in tax relief for Minnesotans and their families, and helps combat the growing burden of student debt. Several priorities of the Senate DFL Caucus are found in the conference committee agreement, including an expansion of the Working Family Credit, property tax relief, and a student loan payment tax credit.
ST. PAUL, Minn. – The Minnesota Senate has passed a second comprehensive tax bill, bringing the total tax relief enacted this session to $550 million. Approved with a nearly unanimous vote, the latest tax bill provides $103 million in additional property, sales, and income tax relief to 940,000 Minnesotans. “There is a good balance of […] Read more
The Senate recently released its bonding bill comprised of $850 million in borrowing and $200 million in cash. More than $3.3 billion worth of bonding requests were submitted. The Senate Capital Investment Committee spent the interim traveling the state learning more about many of the projects. The bonding bill makes significant investments in business and […] Read more
With only weeks left in the 2014 session, the Senate has been busy making Minnesota a better place for all. The Senate has passed key investments in health and human services, education, veterans and transportation. The Senate fully funded the 5% Campaign, which proposed a five percent raise for home-and-community based caregivers. These workers make […] Read more
Prior to heading into Easter/Passover break, the Senate passed its second tax bill which focused on targeted tax relief, along with statewide and local economic development projects. The bill received large bi-partisan support and is headed to conference committee to be negotiated with the House’s version. Provisions included in the Senate tax bill directly affect […] Read more