Tax Proposals and Outcomes

Revenue-Raising Options to Help Close Minnesota's FY 2012-13 Budget Deficit, Updated May 2011
There are a number of revenue-raising options Governor Dayton and the 2011 Legislature could consider as part of balanced approach to addressing the state's needs. This analysis describes a number of proposals that have been part of the public discussion, including raising income taxes, modernizing the sales tax or eliminating business tax preferences.

Few Small Business Owners Would Be Impacted by the 2010 Legislature's Income Tax Increase on High-Income Households, September 2010
A proposal to create a new upper-income tax bracket would affect only 5.7 percent of households with small business income. The House and Senate proposed the new tax bracket as part of a broader budget-balancing proposal, which was vetoed by Governor Pawlenty.

Revenue-Raising Options to Help Close Minnesota's Budget Deficits in FY 2011-13, Updated April 2010
This analysis presents a number of options for raising state revenues, including changes to income, corporate and sales taxes. These options could be used in the 2010 Legislative Session as part of a balanced approach to close the state's budget deficit. Policymakers also have the opportunity to reverse the trend of rising regressivity in Minnesota’s tax system.

 

More Tax Proposals and Outcomes Analysis

 

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