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Taxes

FIFTIETH MEETING

2011-2012 Regular Session - Thursday, March 8, 2012

STATE OF MINNESOTA FIFTIETH MEETING
HOUSE OF REPRESENTATIVES EIGHTY-SEVENTH SESSION

TAXES

MINUTES

Representative Davids, Chair of the Taxes Committee, called the meeting to order at 10:15 a.m. on March 8, 2012, in Room 200 of the State Office Building.

The Committee Legislative Assistant noted the roll.

Members present:


DAVIDS, Greg, Chair
LOON, Jenifer, Vice Chair
ANDERSON, Sarah
BILLS, Kurt
BUESGENS, Mark
CARLSON Sr., Lyndon
CRAWFORD, Roger
DAVNIE, Jim
DOEPKE, Connie
DOWNEY, Keith
DRAZKOWSKI, Steve
ERICKSON, Sondra
GAROFALO, Pat
GOTTWALT, Steve
HORTMAN, Melissa
KNUTH, Kate
KOENEN, Lyle
LENCZEWSKI, Ann
LESCH, John
LOEFFLER, Diane
MACK, Tara
MARQUART, Paul
MYHRA, Pam
PAYMAR, Michael
RUKAVINA, Tom
RUNBECK, Linda
TILLBERRY, Tom
WARDLOW, Doug



Members excused:
KIFFMEYER, Mary

A quorum was not present.

Chair Davids recessed the committee at 10:16 A.M.

Chair Davids reconvened the committee at 10:21 A.M.

A quorum was present at 10:24 A.M.

Representative Koenen moved to approve the minutes dated March 6, 2012. THE MOTION PREVAILED. THE MINUTES WERE APPROVED.

Chair Davids moved HF794 (Davids) Improvement bonds authorized with certain terms and conditions; definitions modified; and clarifying, technical, and other changes made relating to the issuance of municipal bonds.

Chair Davids moved the H0794DE1 amendment. THE MOTION PREVAILED. THE AMENDMENT WAS ADOPTED.

Testifiers:
Kathy Hahne, Faegre Baker Daniels, Minnesota Institute of Public Finance
Lynn Endorf, Vice President, Minnesota Institute of Public Finance
Susan Von Mosch, Minnesota Department of Revenue

Chair Davids laid over HF794, as amended, for possible inclusion in an Omnibus Tax bill.


Chair Davids moved HF2429 (Mazorol) Technology corporate franchise tax certificate transfer program established.

Testifiers:
Shaye Mandle, Vice President of Government Affairs, Life Science Alley
Cynthia Templin, House Fiscal

Chair Davids laid over HF2429 for possible inclusion in an Omnibus Tax bill.

The meeting was adjourned at 11:58 A.M.




____________________________________
REP. GREG DAVIDS, CHAIR



____________________________________
Anna Fournier
Committee Legislative Assistant