Posts Tagged ‘state business property tax’

Property Tax Break Favors Large, Metro Businesses

The state revenue loss resulting from changes to the state business property tax in the tax conference committee report are likely to increase rapidly over time—for reasons described in a recent North Star article—and ultimately surpass the revenue loss associated with other tax cuts in the report. As the magnitude of that tax break swells…

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Beware the Trojan Tax Cut

As Homer tells it, a besieged Troy eagerly welcomed the present of a large wooden horse as a herald of good times to come. This “gift,” however, actually led to the ruin of the proud city. Minnesotans should take this cautionary tale to heart before they embrace the large tax cut schemes being promoted by…

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“Giving Back” What You Don’t Have

The tax cut plan released by Senate conservatives last week is still short on details, but here is some of what we do know: it will cut taxes by $900 million, presumably over the course of the upcoming FY 2018-19 biennium. The key elements of the proposal include a phase-out of taxes on Social Security…

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When Winning Big Isn’t Enough

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. This, they claimed, made it too easy for local governments to increase…

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Conservative Tax Claims Don’t Square With Reality

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 the state of Minnesota’s economy, which we found to be overstated in their pessimism.…

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State Business Property Tax by Legislative District

The 2015 House Tax Bill proposed to phase-out the state business property tax, ultimately eliminating the tax by 2022. A recent North Star article revealed that approximately two-thirds of the property tax relief resulting from the elimination of the state business property taxes will go to businesses in the seven-county metropolitan area, with the remaining…

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