Bipartisan tax bill represents largest tax cut in nearly two decades
ST. PAUL, MN—The Minnesota House of Representatives approved Wednesday morning Special Session House File 1 on a bipartisan vote of 102-31. Under the bill, Minnesotans will see more than $650 million in tax relief over the next two years, the largest tax cut in nearly two decades.
“We have worked very hard with the Governor’s Office to find common ground and I believe this is a proposal he will sign, which is very good news for senior citizens, college students, farmers, small business owners and middle-class families,” said House Tax Chair Greg Davids (R-Preston).
“For years we have heard from farmers and Main Street business owners who were struggling with unbelievable property tax obligations, asking lawmakers for help,” said State Representative Steve Drazkowski (R-Mazeppa), chairman of the Minnesota House Property Tax and Local Government Finance Division. “Their long overdue relief is just a signature away from becoming reality.”
Highlights of the bill include:
Now passed by the House, Special Session HF1 is expected to pass the Senate and will go to the governor’s desk for a signature. The bill is part of a Special Session agreement struck by House and Senate leaders and Governor Dayton to finish the 2018-2019 biennium budget.