On Thursday, the House and Senate tax chairs joined the Chamber's Fiscal Policy Committee to share their priorities for the 2020 legislative session. Both Rep. Paul Marquart and Sen. Roger Chamberlain expressed a desire to fully conform with Section 179, helping small businesses and farmers throughout the state. 

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With the only divided state legislature in the country, Minnesotans are used to disagreements at the Capitol. Fortunately, Minnesota small businesses and farmers saw hope for agreement on a critical issue: aligning Minnesota’s income tax with the federal Section 179 laws to encourage greater business investment in Minnesota.

During a “lightning round” of questions, the four leaders shared their thoughts on issues ranging from recreational marijuana and sports betting to tax conformity and a bonding bill. Here are their answers:

The Minnesota Chamber works year-round to help our members create economic opportunity to improve the lives of all Minnesotans.

Jean Kane, a member of the Minnesota Chamber Foundation’s Economic Advisory Council, moderated a panel in January at a Minnesota Chamber event where initial findings were presented from Minnesota: 2030, the first long-range examination of the state’s economy in 30 years.

"We should be proud of Minnesota’s leadership in the global economy and take steps to foster its growth."

The Legislature convenes February 11. Taxes  will top the Minnesota Chamber’s agenda once again as a continuing barrier to economic growth. Greg Frandsen, president of Industrial Netting in Brooklyn Park, explains how tax burdens impact him, his company and his employees.

With all of talk about the future of our economy, it can be difficult to know exactly what the future will hold.

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