Need that new Justin Bieber ringtone? Come July 1 buying it will carry a Minnesota sales tax. Hiring a repairman for the office photocopier? That labor will be taxed. Catching a pay-per-view movie on satellite television? There’s a tax on that, too.
Minnesota took in about $25 million more in tax revenue in May than was initially expected, as revenue collections for the year continue to perform above projections. The Department of Minnesota Management and Budget says Monday that general fund revenues of $1.4 billion in May were 1.9 percent above the agency’s February forecast. In the year to date, the state has collected $324 million more than predicted in that forecast.
The owner of Dahl Trucking in Elmore, Minn., was indicted Tuesday in federal court for avoiding payment of taxes on the wages of his employees from 2007 to 2010. Marlin Dahl was specifically charged with 13 counts of failure to collect and pay Federal Insurance Contribution Act (FICA) taxes.
Many Minnesota cities and counties will see a big bump in their state aid, and for that they’re being required to tamp down property taxes.
Gov. Mark Dayton initially proposed taxing Minnesota clothing sales that were more than $100. After protests he had to pull that off the table.
The democrats may be in control at the state Capitol but they certainly cannot agree on how to solve the state’s budget problems.
In early February, a development agency in Gov. Mark Dayton’s administration made a deal with a giant pharmaceutical company: The state would explore grants and tax breaks that could yield almost 200 high-wage jobs all while keeping Baxter Healthcare Group’s name out of the public conversation.
Well-known anti-tax figure Grover Norquist is bringing his message to Minnesota, which is in the heat of a big tax debate.
Minnesota House Democrats this week voted to raise the excise tax on beer, claiming it will raise the price only 7 cents a bottle.
Following a hush-hush courtship, top Minnesota lawmakers acknowledged Tuesday that they are compiling a multi-million dollar package of public subsidies and tax breaks to encourage an Illinois-based pharmaceutical firm to add 200 high-paying jobs and undertake a substantial construction project in their state.
It’s hard to think there’s anything funny about taxes when you’re under a mountain of paperwork, but CBS News contributor and analyst Mellody Hobson has a little comic relief for taxpayers.
The third and final member of a tax fraud trio pleaded guilty Wednesday in federal court to one count of conspiracy to defraud the United States.
It’s time to talk taxes: 1099 forms have gone out and you should be organizing your paperwork and getting ready to pay the taxman.