Minnesota’s improving economy, and the fair and balanced budget signed into law by Governor Dayton in 2013 have helped turn a $6 billion deficit into a $1.2 billion surplus. This new surplus allowed lawmakers to extend additional tax relief to Minnesotans this year. This session, the Governor signed into law $508 million in tax relief for middle class families and Minnesota businesses. These new tax cuts benefit middle class Minnesotans, including seniors, farmers, teachers, working families, and small businesses.
Reducing Taxes for Middle Class Minnesotans
By conforming Minnesota’s tax code to the federal government’s Governor Dayton’s tax plan would simplify taxes and provide tax relief for middle class Minnesotans.
Reducing Business Taxes
In light of the budget surplus, Governor Dayton is calling for the repeal of all three business-to-business taxes passed in the last legislative session. He has also proposed new tax credits for business startups and entrepreneurs that will help grow new jobs.
Latest News on the Blog
Read more about how Governor Dayton is working to build a better Minnesota in this daily blog series.