Dear Neighbors,
This session, the legislature passed a tax bill that will bring almost $1 billion in tax relief over the next three years including more than $500 million in ongoing and permanent tax breaks.
The bill was broadly bipartisan and passed with 89 percent support in the House and Senate.
Some provisions in the bill include:
- Tax relief for working families by expanding the working family tax credit
- Reducing the cost of childcare by expanding the childcare tax credit
- Increased Local Government Aid and County Program Aid
- Tax relief for farmers
- Relief for college graduates paying off student loans through a refundable tax credit up to $1,000, the first of its kind in the country
- Tax relief for every small business in Minnesota by exempting the first $100,000 of commercial-industrial property
- Relief for Minnesota veterans by raising the income eligibility threshold, and increasing the total credit from $750 to $1000
Unfortunately, this great bill is in serious danger of being vetoed by Governor Dayton TODAY due to demands over additional spending in a special session. If the governor does indeed veto the bill, it will be the most bipartisan tax bill vetoed in the last 30 years.
I urge you to contact the governor to respectfully ask him to put the interests of Minnesotans first and sign this bill into law. He can be reached by phone at 651-201-3400 or by email here: http://mn.gov/governor/contact-us/form/.
Sincerely,
Mary