Action Alert: House tax bill excludes Greater Minnesota economic development initiatives

The House Tax Committee unveiled its omnibus bill today and it excludes the GMNP’s two biggest priorities – tax credits for workforce housing and job training.

From an economic development standpoint, the bill is geographically unbalanced in favor of the metro area. It ignores workforce housing and job training, yet it includes an increase of $6 million over the biennium (for a total of $36 million) for the Angel Investor Tax Credit program, the vast majority of which goes to the metro. The bill also provides an extra $15 million this biennium and $30 million next biennium in tax credits under a newly created program that is likely to be weighted toward the metro area.

ACTION

It is critical that GMNP members call, email or write to their House members, Speaker of the House Kurt Daudt, Ways & Means Committee Chair Jim Knoblach and Tax Committee Chair Greg Davids. Tell them that:

1)   The tax bill is unbalanced in favor of economic development programs in the metro area and ignores the economic development needs of Greater Minnesota.

2)   The GMNP’s workforce housing bill (HF749, authored by Rep. Hamilton) and job training bill (HF751, authored by Rep. Kiel) have strong bi-partisan support, received favorable hearings in committee, and should be included in the tax bill.

3)   They should restore balance to the tax bill and support economic development in Greater Minnesota by providing $25 million in tax credits this biennium for workforce housing and $4 million in tax credits for job training.

CONTACT INFO

House Member Directory (or Who Represents Me?)

Speaker of the House Kurt Daudt
463 State Office Building
100 Rev. Dr. Martin Luther King Jr. Blvd.
Saint Paul, Minnesota 55155
Phone: 651-296-5364 or 800-710-7642
E-mail: rep.kurt.daudt@house.mn

Rep. Jim Knoblach (Ways & Means Committee Chair)
453 State Office Building
100 Rev. Dr. Martin Luther King Jr. Blvd.
Saint Paul, Minnesota 55155
Phone: 651-296-6612 or 800-920-5884
E-mail: rep.jim.knoblach@house.mn

Rep. Greg Davids (Tax Committee Chair)
585 State Office Building
100 Rev. Dr. Martin Luther King Jr. Blvd.
Saint Paul, Minnesota 55155
Phone: 651-296-9278 or 800-551-9145
E-mail: rep.greg.davids@house.mn