$102 million in 2013 tax cut in Senate bill
ST. PAUL - Minnesota would phase out state business property taxes and give other groups tax cuts as well if a Senate plan announced Wednesday is approved.
The proposal would give more than $102 million in tax cuts next year, with more planned in the future, that would be offset by trimming state government spending and using some of the budget reserve funds.
"We want Minnesota's tax climate to be competitive," bill author Sen. Julianne Ortman, R-Chanhassen, said.
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