Tax bills that did not pass

Soccer stadium sales tax exemption A bill to make top-tier soccer a reality in Minnesota was heard in the Senate Tax Committee this session, but only one of two tax-related proposals was included in the final omnibus. The sales tax exemption, which has been granted for other recent stadium projects, would have applied to construction […] Read more

Other tax bills that passed

Military pension income tax subtraction See State & Local Government, Veterans Angel Investment Tax Credit The Small Businesses Investment Tax Credit – commonly known as the Angel Investment Tax Credit – was enacted in 2010 and is one of several mechanisms helping entrepreneurs and small business owners across Minnesota. In the half-decade since it was […] Read more

Business taxes

Marketplace fairness: The bill required out-of-state retailers to collect and pay sales taxes on items sold to Minnesota customers, regardless of whether they have a brick-and-mortar presence in the state. The legislature passed the provision in 2013, but some large online retailers have used third-party sellers and other mechanisms to avoid collecting the tax. This […] Read more

Property taxes and local governments

School building bond agricultural credit: See Rural Initiatives Aids to local governments: Since 1972, state aids to local governments have been a critical life-line for local units of government to provide important services without having to rely solely on property tax payers to support local budgets. During the decade of budget deficits facing Minnesota, state aids […] Read more

Income taxes

Working Family Credit: Minnesota’s version of the federal Earned Income Tax Credit is a proven tool to directly improve the financial health of working, lower-income families. This bill increased and expanded Minnesota’s Working Family Credit, including more taxpayers without children. Nearly 340,000 households received the Working Family Credit in 2013 – 48% of which were […] Read more

Tax Relief for Families, Students, Farmers

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.