May 16, 2013 at 10:53 am

The Tax Conference Committee met the morning of Wedneday, May 8 at 8:30 and until 10:30 that night. Time was spent on four economic development projects: 3M in Maplewood, Emerson in Shakopee, Baxter in Brooklyn Park, Mayo in Rochester and MOA in Bloomington.

  • In the morning session, they compared the differences in the Senate and House approaches to the projects.
  • In the evening session they dug into the Mayo project and after asking if committee members had questions on the other projects, which no one did, they moved on to the tobacco provisions.
  • They might reach agreement before the weekend, but on the other hand, this could go on into the following week. At this point, only a few people really know what’s going on.
  • The State General Levy business property tax increase hasn’t come up in discussion.

A comment on the unifying themes of more money and more progressivity in the current tax plans at the Capitol:
“If nothing else, Minnesota appears to be positioned to become a popular research destination for scholars interested in investigating the timeless question of how far this lever (more money and more progressivity) can be pulled before creating collateral damage to economic growth, the stability of the tax system, and general state competitiveness.”
Minnesota Center for Fiscal Excellence
“Taxation and the Session Homestretch,” Fiscal Focus, March-April 2013

On behalf of all business property taxpayers, thank you to the impressive number of NAIOP members who are contacting their legislators and members of the Tax Conference Committee regarding the business property tax increases in HF 677.
“Costs matter to Minnesota businesses and job-creators. These tax increases fail the test of government supporting job creation and incentivizing businesses to expand in Minnesota.”

NAIOP Minnesota’s board of directors sends a letter of concern to Tax Conference Committee members and Governor Dayton
“Taxing business properties too aggressively will cause our tenants to invest elsewhere or disinvest here, causing stagnation or a decline in job creation and economic development.”

Entry filed under: Public Policy | Government Affairs.

NAIOP applying pressure through op eds Project Profile | Vadnais Heights Medical Building

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