For more information contact: Jason Wenisch 651-296-2317
ST. PAUL – State Representative Tony Cornish (R-Good Thunder) said he voted against an omnibus taxes bill recently because it would hurt more rural Minnesotans than it would help.
“The bill would create a property tax increase for most home and business owners, and shut down our most effective economic development tool,” Cornish said.
Cornish said while some of the lowest income property owners would receive some relief under this bill, some studies show that as many as 70 percent of Minnesotans will see nothing or face higher property taxes if the legislation becomes law.
To make these changes, the legislation would eliminate the Property Tax Refund program and the itemizing of your property tax deduction on your state income taxes.
The bill would also eliminate the Job Opportunity Building Zones (JOBZ) program, which has attracted more than 300 businesses to expand or relocate in rural Minnesota by offering businesses tax exemptions to companies in exchange for the creation of good paying jobs.
“What we should be doing is approving policies that encourage job creation for rural Minnesota, instead of eliminating provisions that are actually putting people to work,” Cornish said.
Cornish said Governor Pawlenty is expected to veto this bill in its current form if it reaches his desk.