Category Archives: taxes

Tax reform update: U.S. Senate passes legislation paving way for conference committee

The U.S. Senate passed its version of H.R. 1, the proposed Tax Cuts and Jobs Act (TCJA), by a 51-49 vote early Saturday morning. MSBA has concerns lawmakers are creating a potential tax structure that offers tax breaks and benefits … Continue reading

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Minnesota House Research Department updates document regarding education tax credits and deductions

Source: Minnesota House of Representatives Research Department The Minnesota House of Representatives Research Department updated its “Income Tax Deductions and Credits for Public and Nonpublic Education in Minnesota” publication in late June. Minnesota has had an income tax credit for … Continue reading

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MSBA supports Gov. Dayton’s tax reduction plan for Minnesota farmers with the goal of helping our school boards and school districts

Gov. Mark Dayton rolled out his 2017 tax plan Thursday during a press conference in St. Paul, offering $300 million in tax cuts. One part of Gov. Dayton’s plan is to provide property-tax relief for Minnesota farmers. Gov. Dayton is … Continue reading

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