Tag: taxes
Walz’s budget would tax all profitable companies, not just the ‘large’...
(The Center Square) – When Gov. Tim Walz announced $1.63 billion in tax hikes to fuel his $52.4 billion proposed budget, he characterized the...
Forgiveable PPP business loans will be taxed by Minnesota
(The Center Square) – Minnesota businesses can accept their forgiven pandemic loans without worrying about paying federal taxes, but the state taxman is a...
Omar wants to tax individual stock trades
Rep. Ilhan Omar wants to tax individual stock trades to cancel all student loan debt.
Omar's proposed "financial transaction tax" of 0.1% could raise about...
Republicans, business industry express dismay with Walz’s proposed spending and tax...
(The Center Square) – While Minnesota is recovering from a 2020 budget deficit and public health hangover, Gov. Tim Walz proposed a $52.4 billion budget –...
Minnesota residents pay $5,746 per capita in key state tax levies,...
(The Center Square) - Minnesota residents pay 10.02% of their income per capita toward property, income and sales taxes – or $5,746 per person...
$4 Billion Economic Drop Transforms Minnesota’s Surplus Into Deficit
Minnesota's budget surplus was large and growing just two months ago. One $4 billion drop later, the situation looks very different.
In February, Minnesota Management...
REPUBLICAN LAWMAKER UNVEILS PLAN TO RETURN $4B DIRECTLY TO MN TAXPAYERS
Republican Representative Jeremy Munson introduced a new bill, Monday, to return $4 billion to Minnesota taxpayers.
If passed into law, Munson’s “Give It Back Act”...
Minnesota Budget Surplus Increases to Nearly $4 Billion
Minnesota Management and Budget announced today that Minnesota now has an excess surplus of $4 Billion. While Minnesota legislatures are required to pass a...
Cigarette smuggling hits new highs in Minnesota
Minnesota has one of the state’s highest cigarette taxes, at $3.77 per pack this year. Between 2006 and 2017, the state’s cigarette tax increased...
Hermantown City Council proposes tax increase for $28 million recreation improvements
The Hermantown City Council wants state lawmakers to approve a resolution to place a half-cent sales tax increase on the November ballot.
Council members this...