Monday, April 19, 2021
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Walz revises budget, drops some proposed tax hikes

(The Center Square) — After a $1.6 billion projected budget surplus and $2.6 billion on the way from the federal government, Gov. Tim Walz proposed a revised budget for the...

Gazelka says no tax increases after federal stimulus set to give...

(The Center Square) — After a $1.6 billion projected state surplus and nearly $5 billion expected from the newest stimulus package, Minnesota Senate Majority Leader Paul...

Minnesota ranks 46th in annual tax climate ranking

(The Center Square) — Minnesota finished 46th in a new study by the Tax Foundation showing which states are best at structuring their tax...

January tax collections nearly $300 million more than expected, paving way...

(The Center Square) – Gov. Tim Walz said this week that January tax collections will be “substantially higher” than expected, improving a previously projected...

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...