‘Fine-Tuning’ Of Taxes Is In The Wind At Legislature
ST. PAUL, Minn. (AP) - Newly powerful House Republicans are sure to make moves to cut taxes when the Minnesota Legislature convenes next week.
The big questions are what kind, how much and whether they can get Democrats to agree.
Rep. Greg Davids, the incoming chairman of the House Tax Committee, would love to wipe away a new fourth bracket of the income tax. Or kill a statewide property tax on commercial property.
But Davids and others say most changes are likely to be fine-tuning rather than radical.
One area of agreement appears to be bringing Minnesota's tax deductions and credits more closely in line with the federal code.
That's a bill that could be on Gov. Mark Dayton's desk within two weeks of session start.