Gov. Mark Dayton
Hundreds of thousands of Minnesotans will be getting a break on their taxes. Gov. Dayton signed $443 million of income and sales tax cuts into law Friday, after lawmakers passed the bill. The changes will take effect over next 15 months.
With a push for legalizing medical marijuana stalled this session, Gov. Mark Dayton plans to ask for $2.2 million for research into its possible benefits, a spokeswoman said Friday. Mayo Clinic would head the study, which would focus on cannabidiol, a marijuana compound that does not produce a high.
Hundreds of thousands of Minnesota residents will see their state tax burdens drop thanks to a bill that won final backing Friday from the Legislature and Gov. Mark Dayton. By lopsided margins, the House and Senate approved the $434 million relief package containing extra deductions and exemptions that can be claimed on this year’s tax forms and many more that can be accessed next year.
Minnesota legislators planned quick and possibly final votes Thursday on a measure that would provide income tax breaks and repeal some controversial new business taxes. The Minnesota Senate prepared to debate a $434 million tax relief plan that also puts $150 million into a state budget reserve.
A tax relief measure put on a fast track in the Minnesota Senate on Wednesday could mean immediate breaks for at least 300,000 people. The Democratic-crafted proposal was unveiled a day after Gov. Mark Dayton implored lawmakers to speed up. The bill could get a floor vote as soon as Thursday.
Gov. Mark Dayton kicked up a storm Tuesday in his return to the Minnesota Capitol, chastising fellow Democrats for not moving quicker on a tax-relief measure and suggesting that a controversial Senate office building proposal had improperly gotten in the way.
With tax breaks on everything from child care expenses to college tuition hanging in limbo, Minnesota lawmakers appear increasingly unlikely to meet Gov. Mark Dayton’s goal of enacting a substantial relief package this week.
Gov. Mark Dayton on Thursday downgraded the chances of medical marijuana becoming legal in Minnesota this year before he met privately with those who want the drug to be a treatment option for people with debilitating diseases.
Last week the Minnesota legislature took the first step to possibly legalizing medical marijuana. A medical marijuana bill passed a key House committee.
The Minnesota House has given overwhelming approval to a $500 million package of tax cuts and repeals. Thursday’s 126-2 vote comes just more than a week into the legislative session. The bill heads to the Senate, where leaders haven’t publicly embraced the plan.
Gov. Mark Dayton is proposing to use half of Minnesota’s projected $1.2 billion surplus to cut taxes, with another big chunk going to fill reserve accounts. Dayton outlined his supplemental budget plan Thursday, the day the House was planning to vote on a slightly smaller tax bill.
A Minnesota House committee has approved a plan that would legalize medical marijuana, but it still faces a long road in the Legislature.
Gov. Mark Dayton’s administration is laying out a list of ideas for pruning Minnesota’s statute of duplicative, outdated or problematic laws. The so-called “unsession” agenda is likely to touch most areas of state government. Three Dayton commissioners were planning to roll it out Tuesday.
University of Minnesota President Eric Kaler warned that world-famous research at the U could slow down if the legislature does not approve funding to update its century-old laboratories.
Minnesota’s projected budget surplus swelled Friday to $1.233 billion, giving lawmakers more leeway to pursue tax cuts and increased spending this session. State finance officials released the updated outlook that showed the surplus is $408 million higher than what was projected a few months ago.