House Tax Bill



The Minnesota House Tax Committee took quick action on Thursday and approved a $514,000,000 tax cut that would reduce taxes for hundreds of thousands of Minnesotans, largely by conforming to federal tax changes.
                
Republican Greg Davids says the measure was a bipartisan effort with the Democrats and now he hopes the Senate will act on the bill as fast as the House.

Davids also says the bill repeals several business-to-business taxes, including a 7-percent warehousing tax which has caused many companies to leave for other states.


 

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