Tuesday, August 4, 2020
Home Tags Taxes

Tag: taxes

$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...

Minnesota ranks 7th worst on corporate tax study

Minnesota finished 44th in a study by the Tax Foundation examining how well states have structured their corporate income tax systems in 2020. The state’s ranking remained...

Minnesota ranks 45th in annual tax climate ranking

Minnesota finished 45th in a new study by the Tax Foundation showing which states are best at structuring their tax systems. All 50 states tax private property...

Rochester’s High Property Taxes Threaten Small Businesses

You know it’s bad when a former New Yorker says the property taxes on his restaurant in Rochester, Minnesota make his tax bill from...

O’Gara’s is closing in St. Paul, cites bad environment for business

O’Gara’s bar in St. Paul on Selby and Snelling is closing for good. Last year O’Gara’s had closed temporarily, as they renovated and sold...

Research shows that Minnesota’s estate tax is a net revenue loser...

In our 2018 report The Cost of Minnesota’s Estate Tax, we found that our state government more than likely lost revenue overall as a...