Minnesota lawmakers moved Tuesday to set up swift approval of tax deductions and credits affecting thousands of people and business owners getting ready to file 2014 forms. Tax committees in the House and Senate advanced legislation that lines Minnesota’s code up with some recent federal changes. Final votes in each chamber could come later this week, sending the bill to a supportive Gov. Mark Dayton before personal income tax filing season begins next week.
Talk of tax cuts has followed word that Minnesota’s budget will run up a $1 billion surplus. Top Democrats and Republicans separately raised the prospect Thursday of giving tax breaks with a portion of the surplus. The first dose could come soon in the next session as lawmakers weigh whether to match up Minnesota’s deductions and credits more closely with those at the federal level.
While many Americans are aware of the Affordable Care Act (ACA) and what may be in store in the near future, some are unaware of the longer term provisions still to come. Below is a […]
Gov. Mark Dayton and legislative Democrats want to give Minnesota businesses a $3,000 tax credit for each unemployed person, veteran or recent college graduate that they hire as a way to push down the state’s unemployment rate.
The budget for a movie that was awarded tax credits in Iowa soared after the film company’s partners learned about the state’s program that provides tax breaks to attract such projects to Iowa, the film’s sound designer testified Wednesday.