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Legislative News and Views - Rep. Jim Knoblach (R)

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Statement from Rep. Jim Knoblach re: passage of House tax bill

Thursday, March 30, 2017
 
ST. PAUL – The Minnesota House on Thursday approved H.F. 4, a bill providing $1.35 billion in tax relief over the next two years, including a $270 million reduction on the state tax on Social Security income.
 
Provisions Rep. Jim Knoblach, R-St. Cloud, authored which are in the bill include one to increase and expand the state’s education tax credit, and another which benefits owners of farmland by clearing up confusion in current law so that farmers are allowed to get agricultural homestead tax treatment even if they exercise common estate tax planning techniques.
 
Below is a statement from Knoblach:
 
“The House’s tax bill is one component of our ‘Minnesota Way’ approach to the overall budget process,” Knoblach said. “House Republicans are proposing a budget that is not only fiscally responsible, but also provides $1.35 billion in tax relief to Minnesotans. The focus is on middle-class citizens, and everyone from seniors on Social Security, to people with college loans, families with children in daycare and Main Street businesses would see tremendous benefits through the House plan.”
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