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State Representative Kathy Brynaert
100 Rev. Dr. Martin Luther King Jr. Blvd.
651-296-3248
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NEWS STATEMENT
Tonight, the House Omnibus Tax bill (HF 2337) was passed on the floor of the Minnesota House of Representatives. Below is a news statement issued by State Representative Kathy Brynaert:
“The Tax bill provides millions of dollars in new tax breaks for wealthy corporations by making dramatic cuts to the Renters’ Credit program – a property tax refund program that helps hundreds of thousands of low and moderate-income renters.
The Tax bill cut to the Renters’ Credit means taxes will rise on 97% of our senior and disabled renters, and all other renters, by cutting an additional $70 million a year to pay for property tax relief to big corporations. The Renters’ Credit property tax refund program helps about 300,000 Minnesotan households – 86,900 of them are seniors or disabled renters. This comes on top of taking $261 million from homeowners, businesses, renters and farmers by eliminating the Homestead Credit last year.
Under the Tax bill passed on the House Floor, another 74,000 households would lose their entire property tax refund, or 1 in 4 participants. Those still getting the credit would lose $213 on average, which is significant to people living on a fixed income, college students paying tuition, and working families. In Blue Earth County, 3,734 refunds were claimed by renters in 2010 and 29.1% participants were seniors or people with disabilities.
A fair and balanced alternative that doesn’t pit property owners against each other is desperately needed. I co-authored a bill to restore the Homestead Credit because it is a fair and balanced approach to property tax relief. Unfortunately, this proposal was not included in the GOP tax bill that passed tonight. The 44-year old Homestead Credit provided direct relief to 95% of homeowners. It was a targeted credit that showed up automatically on property tax statements and its removal led to substantial property taxes hikes for our area.
Unfortunately, the majority would not restore the Homestead Credit to provide relief to all property owners. I did not support the bill because business tax credits shouldn't be funded on the backs of low income renters."
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