ST. PAUL, Minn. (WCCO) — The state House has overwhelmingly passed a $260 million package of tax cuts and credits.
House members voted 123-10 Sunday afternoon to approve a tax relief package that would offer property tax relief to farmers and businesses, create a new tax credit for college graduates with loan debt and expand aid to Minnesota parents with childcare costs.READ MORE: COVID In Minnesota: 21 More Deaths Reported; State's Now Seen 40K Hospitalizations
The measure passed with only a handful of House Democrats opposed. Some raised concerns that the cuts could lead to a deficit in future years and that the measure included a handful of reductions on tobacco taxes.READ MORE: Beach Boys Bringing Holiday Harmonies Tour To Treasure Island
Gov. Mark Dayton has said his support for the tax cuts hinges on seeing a package of spending proposals that meets his requirements. He says a phased-in preschool program and funding for expanding broadband Internet infrastructure and tackling racial disparities are necessary.MORE NEWS: Bemidji Police Seeking Public's Help Finding 2 Missing Teenagers
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