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Minnesota House of Representatives

State Representative Bob Dettmer

279 State Office BuildingState Office Building
100 Rev. Dr. Martin Luther King Jr. Blvd.
651-296-4124

For more information contact: Jodi Boyne 651-296-0640

Posted: 2012-03-05 00:00:00
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NEWS RELEASE

Rep. Bob Dettmer and Bipartisan Small Business Caucus Announce Agenda

ST. PAUL– The House Bipartisan Small Business Caucus today announced several legislative proposals to improve Minnesota’s small business climate.

Rep. Bob Dettmer joined other members of the Caucus to highlight their legislative agenda to help address the barriers small business face.

"There are many challenges facing small businesses today," Dettmer said, "We have put together these bills to help focus on pro-business reforms to help Minnesota businesses succeed."

The Small Business Caucus is proposing these bill packages:


Taxes

· Reduce property taxes on small businesses by exempting the first $150,000 of value from the state property tax (To be introduced)

· Repeal the accelerated pre-payment of state sales taxes for small businesses (HF253)

· Allow an upfront sales tax exemption for capital equipment purchases rather than the current requirement to submit paperwork for reimbursement (HF1842)

Finance and investment

· Expand and enhance the Angel Investment Tax Credit program, including businesses requiring long term FDA approvals and expanding its use in greater Minnesota (HF1823)

· Assist small businesses with health insurance costs by continuing to support Section 125 group plans, continuing rewards for those paying 50% of the premium cost, and by removing an unworkable mandate (HF248)

· Equalize the small business penalty interest rate with the personal penalty interest rate (HF1827)

Removing barriers

· Allow small businesses under certain conditions to voluntarily request advisory inspections and remediate violations before penalties are imposed (To be introduced)

· Require the Department of Employment and Economic Development to provide a permitting and regulatory ombudsman to assist startups and small businesses (HF 2095)

· Provide relocation cost relief for business affected by eminent domain (HF1833)

· Veteran-owned small businesses included in the state’s contract set-aside program (HF1821)

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In 2010, a bipartisan group of Minnesota representatives formed the House Small Business Caucus to give a new voice to small business at the Capitol.

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