Minnsights Blog

Despite a historic nearly $18 billion budget surplus and Minnesota’s already high-tax environment, this session the legislature increased taxes by nearly $10 billion over the next four years. Although some taxes decreased mostly for lowerincome taxpayers through one-time rebates and refundable tax credits, businesses and taxpayers at all income levels will see permanent cost increases. The process of passing these historic increases lacked transparency. Many bills and provisions were not introduced or allowed public testimony and the language was not provided until the night before a final vote. Minnesota’s corporate and incomes tax rates are already in the top five highest in the nation, which adds headwinds to investment, entrepreneurship, and talent recruitment and retention – all needed for a growing economy.

The Minnesota Chamber is pleased to offer valuable information to our members and community business leaders. We have received many, many questions from our members about what happened during this legislative session, and we’re here to help you make sense of how it’s going to impact your business. The purpose of this information is to provide an overview of policies and laws and equip business leaders with an understanding of compliance requirements and upcoming changes.

This week, considering all the talk about politics, and after viewing the presidential debate, I am guessing you're expecting me to talk about politics. Well, no.

As we all know, the November 5 General Election is fast approaching. With that, its important to know about how, and when you can vote in Minnesota.

As we all know, the November 5 General Election is fast approaching. With that, its important to know about how, and when you can vote in Minnesota.