ST. PAUL, MN – On Friday, legislative leaders announced an agreement on a bill that provides $275 million in tax relief, with an additional $550 million of relief in subsequent budget cycles. Included in the bill are a number of provisions that will provide tax relief for small business owners, recent college graduates, military veterans, and middle-class families across Minnesota.
“The people of Lakeville have made it clear; they want tax relief for the middle class in our state,” said Rep. Jon Koznick, R-Lakeville. “As a member of the Tax Committee, we stayed focused, kept our shoulder to the wheel and listened to taxpayers. This proposal will give relief to our hardworking families, recent college grads, and main-street business owners.”
Each chamber must approve the agreement before the legislative session adjourns on Monday, May 23.
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