Growing Minnesota's economy
The Minnesota Chamber of Commerce works tirelessly to represent more than 6,300 companies and half
a million employees throughout the state, with the goal of growing the state’s economy. We look forward
to working with lawmakers toward policies that will help create economic opportunity for all Minnesotans.
$1b tax increase, 24-week paid leave mandate moving quickly
The Legislature is quickly moving paid leave mandate proposals and business tax increases through the process.
A proposal that would impact every employer is a 24-week paid leave proposal that would raise taxes on employers by $1 billion. The proposal, HF2 / SF2, passed another committee stop last week and could be voted on in the House or Senate soon. To fund the new paid leave mandate, the state would impose a 0.7% payroll tax on every employer in Minnesota, regardless of size or number of employees. Additionally, hiring replacement workers would be extraordinarily challenging given the state’s current tight labor market and workforce shortage.