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Taxes

FIFTY-EIGHTH MEETING

2007-2008 Regular Session - April 09, 2008

STATE OF MINNESOTA FIFTY-EIGHTH MEETING
HOUSE OF REPRESENTATIVES EIGHTY-FIFTH SESSION

TAX COMMITTEE

MINUTES


Representative Paul Marquart, Chair of the Committee, called the meeting to order at 10:08 A.M. on April 9, 2008 in Room 10 of the State Office Building.

The Committee Legislative Assistant noted the roll.

Members present:

LENCZEWSKI, Ann (Chair)
WOLLSCHLAGER, Sandy (Vice-Chair)
ATKINS, Joe
CARLSON, Lyndon
DAVNIE, Jim
DELAFOREST, Chris
DEMMER, Randy
DILL, David
ERHARDT, Ron
HILSTROM, Debra
JAROS, Mike
KOENEN, Lyle
KOHLS, Paul
LANNING, Morrie
LIEBLING, Tina
MARQUART, Paul
MULLERY, Joe
PAULSEN, Erik
RUKAVINA, Tom
SIMPSON, Dean
SOLBERG, Loren
THAO, Cy
TILLBERRY, Tom
ZELLERS, Kurt

Members excused:

BROD, Laura
LESCH, John

A quorum was not present.

Before the committee was HF3143.

HF3143-Winkler-Individual income and corporate franchise credit allowed for investment in Minnesota high technology businesses.

A quorum was present.

Representative Tillberry moved HF3143 be laid over for possible inclusion in the Omnibus Tax Bill.

The following people testified on HF3143: Peter Lindstrom, Minnesota High Tech Association; Linda Sandvig, Life Science Alley.

Representative Tillberry renewed his motion that HF3143 be laid over for possible inclusion in the Omnibus Tax Bill.

HF3143 was laid over for possible inclusion in the Omnibus Tax Bill.

Representative Koenen moved HF3144 be laid over for possible inclusion in the Omnibus Tax Bill.

HF3144-Winkler-Jurisdiction to tax persons investing in certain entities limited.

Representative Koenen renewed his motion that HF3144 be laid over for possible inclusion in the Omnibus Tax Bill.

HF3144 was laid over for possible inclusion in the Omnibus Tax Bill.

Representative Dill moved HF3538 be laid over for possible inclusion in the Omnibus Tax Bill.

HF3538-Winkler-Start-up and emerging Minnesota businesses investment credit provided.

The following people testified on HF3538: Michael Korengold, President of Enhanced Capital Partners; Jeff Craver, Vice-President, Advantage Capital Partners; Roger Hauptman, Waveland Ventures LLC; Phil Griffin, Life Science Alley.

Representative Dill renewed his motion that HF3538 be laid over for possible inclusion in the Omnibus Tax Bill.

HF3538 was laid over for possible inclusion in the Omnibus Tax Bill.

Representative Lanning moved HF3855 be laid over for possible inclusion in the Omnibus Tax Bill.

HF3855-Lanning-Regional emerging investment fund credit and a seed capital investment credit allowed, and commissioner duties imposed.

Representative Lanning moved amendment H3855DE2 (ATTACHED). THE MOTION PREVAILED, THE AMENDMENT WAS ADOPTED.

The following people testified on HF3855: Scott Hutchins, Community Services Director, City of Moorhead.

Representative Lanning renewed his motion that HF3855 be laid over as amended for possible inclusion in the Omnibus Tax Bill.

HF3855 was laid over for possible inclusion in the Omnibus Tax Bill.

Representative DeLaForest moved HF3632 be laid over for possible inclusion in the Omnibus Tax Bill.

HF3632-DeLaForest-Property tax imposition prohibited, and constitutional amendments proposed.

The following people testified on HF3632: Kaye Rakow, National Association of Industrial and Office Properties; Bob Fenwick, Cook County Commissioner; Janis Callison, Mayor of Minnetonka; Gary Carlson, League of Minnesota Cities; Patricia Nauman, Metro Cities; Grace Schwab, Minnesota School Board Association; Kent Sulem, Minnesota Association of Townships; Steve Peterson, Coalition of Greater Minnesota Cities; Keith Carlson, Minnesota Inter-County Association; Jill Larson, Minnesota Business Partnership; Dave Dederichs, Minnesota Chamber of Commerce.

Representative DeLaForest renewed his motion that HF3632 be laid over for possible inclusion in the Omnibus Tax Bill.

HF3632 was laid over for possible inclusion in the Omnibus Tax Bill.

Representative Demmer moved the minutes from Monday, April 7, 2008, and Tuesday, April 8, 2008. THE MOTION PREVAILED, THE MINUTES WERE ADOPOTED.

The committee adjourned at 12:33 P.M.


Representative Ann Lenczewski, Chair


Sasha Bergman, Committee Legislative Assistant
More Info On This Meeting..

HF3143 (Winkler) Individual income and corporate franchise credit allowed for investment in Minnesota high technology businesses, and appropriation reduced
HF3144 (Winkler) Jurisdiction limitation provided to tax persons investing in certain entities.
HF3538 (Winkler) Start-up and emerging Minnesota businesses investment credit provided.
HF3855 (Lanning) Regional emerging investment fund credit and a seed capital investment credit allowed, and commissioner duties imposed.
HF3632 (DeLaForest) Ad valorem tax imposition prohibited, and constitutional amendments proposed