Minnesota’s Only Frozen Tax: The State Business Property Tax

State and local taxes in Minnesota typically grow over time in response to increased consumption and rising economic activity, and to keep pace with the growing demand for public services. There is one notable exception to this rule: the currently frozen state...

What Can Batteries Do for You?

The United States just surpassed an important milestone, and you might not have noticed. The country’s electric grid can now store over a billion watts for one hour (1 GWh) with batteries for later use. By the end of 2018, analysts predict that capacity to double....

Generating State Revenue Through Corporate Tax Conformity

The so-called “Tax Cut and Jobs Act” (TCJA) enacted by Congress last year made massive changes to the federal tax code. Minnesota and other states must now decide if and how to conform their own tax codes to the federal changes. As we note in part 1 of this series,...

Federal Tax Act Pass-Through Provision: What a Mess!

Tax laws should be simple and direct. Taxpayers should be able to understand and comply with them without the assistance of an army of attorneys and accountants. The treatment of pass-through income in the new federal tax law passed late last year—the so-called “Tax...