Having trouble viewing this email? [ [link removed] ]View it as a Web page [ [link removed] ].
Davids
Hello from the State Capitol,
The Minnesota House Taxes Committee approved bipartisan taxes legislation that protects Minnesota’s taxpayers while beginning to address our state’s future deficit problems.
I’m pleased the proposal is moving forward. With a $6 billion budget deficit looming, it was important to stop the continued financial punishment of Minnesota’s taxpayers. This bill not only reduces spending in future years, but it also provides meaningful relief to those who need it: seniors, veterans, homeowners, and main street businesses.
The taxes proposal will reduce state spending by $40 million in Fiscal Year 2026-2027 and another $40 million Fiscal Year 2028-2029.
In addition to avoiding any tax increases on hardworking Minnesotans, the plan also increases the market value exclusion amounts for homesteads occupied by disabled veterans; allows more senior citizen homeowners to defer a portion of their property taxes; and creates a sales tax collection credit for small to mid-size retailers, allowing them to retain a portion of collected sales tax.
Happy Mother’s Day to all our moms!
Greg
2214 Centennial Office Bldg.
658 Cedar Street
St. Paul, MN 55155
651-296-9278
[email protected]
________________________________________________________________________
Update your subscriptions, modify your password or email address, or stop subscriptions at any time on your Subscriber Preferences Page [ [link removed] ]. You will need to use your email address to log in. If you have questions or problems with the subscription service, please visit subscriberhelp.govdelivery.com [ [link removed] ].
This service is provided to you at no charge by Minnesota House GOP [ [link removed] ].
________________________________________________________________________
This email was sent to
[email protected] using GovDelivery Communications Cloud on behalf of: Minnesota House GOP · 100 Rev. Dr. Martin Luther King Jr. Blvd. · Saint Paul, MN 55155 GovDelivery logo [ [link removed] ]
