Accessibility menu
State Representative Patti Fritz
100 Rev. Dr. Martin Luther King Jr. Blvd.
651-296-8237
For more information contact:
Press/News Releases
Rep. Fritz: Homeowners, Farmers Need Property Tax Relief
St. Paul, MN – Today, the Minnesota House of Representatives passed the conference committee report on HF 2337, the Omnibus Tax bill, cutting property taxes for corporations and businesses by freezing the Statewide Business Property Tax at 2012 levels. Implementation of the bill would cost the state more than a billion over the next decade.
With the elimination of the Market Value Homestead Credit last year by the Republican majority, property taxes for homeowners increased $71 million, yet this bill would only provide $4 million in relief. Ag-property taxes increased by 12%, this bill would provide no relief for farmers.
With the state already facing a $3.5 billion deficit next year, this bill would add an additional $145 million next budget cycle and over a $1 billion over the next decade. Furthermore, this bill would prioritize this business tax cut over paying back the $2 billion still owed to Minnesota schools.
Regarding passage of HF 2337, State Representative Patti Fritz issued the following statement:
“While I understand the need to help out the small businesses that make our community great, this bill would provide substantial property tax relief to corporations—some of which are not even based in Minnesota.
“After last year’s elimination of the Homestead Credit, I have heard from homeowners and farmers from every corner of our district about the dramatic increases they saw in their property taxes. I believe if we’re going to provide tax relief, it should be going towards our farmers and homeowners and should not be compromising the ability to balance our state budget in the future."
-30-
News Items
- STATE REP. PATTI FRITZ PARTICIPATES IN START OF LEGISLATIVE SESSION - (Posted: Jan 9 2013 3:32PM)
- Rep. Fritz: Homeowners, Farmers Need Property Tax Relief - (Posted: 2012-05-01 00:00:00)
- Rep. Fritz: Let’s Vote on a Bonding Bill that Benefits All - (Posted: 2012-04-19 00:00:00)
- Archived News Items
- Subscribe to RSS News Feeds
- Read more about RSS.