by lftcrtv | Feb 28, 2017
The projected budget surplus for the upcoming FY 2018-19 biennium increased by $250 million to $1.65 billion, based on Minnesota Management & Budget’s (MMB) February forecast, released today. The surplus for FY 2020-21 biennium—the start of which is still 28...
by lftcrtv | Feb 24, 2017
In 2001, business lobbyists worked overtime not only to reduce business property taxes, but also to change to whom businesses pay those property taxes. They argued that local governments were too dependent on business tax base and not enough on homestead tax base....
by lftcrtv | Feb 23, 2017
A recent report from the Office of the Legislative Auditor (OLA) sheds new light on Minnesota’s research tax credit, also known as the research and development, or R&D, credit. This credit allows businesses that conduct qualifying research in Minnesota to reduce...
by lftcrtv | Feb 16, 2017
Minnesota Illustrated, a new report from the conservative Tax Foundation and the Minnesota Chamber of Commerce, makes some startling claims regarding taxes in Minnesota. Parts one and two of this series examined some of the Tax Foundation and Chamber claims regarding...
by lftcrtv | Feb 14, 2017
The enactment of significant tax increases during the 2013 legislative session, combined with state budget surpluses, has created the impression that Minnesota general fund revenue has grown considerably. This perception is accurate if we measure state revenues today...
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