The tax bill approved by the Minnesota House on Tuesday would:
• Freeze the statewide property tax levy for businesses and seasonal recreational properties.
• Give property tax relief for homeowners faced with large tax increases.
• Increase the "angel investment" tax credit and promote its use in rural Minnesota.
• Create an upfront sales tax exemption on purchases of capital equipment by small businesses; extended to all businesses after three years.
• Extend the tax increment financing district north of the Mall of America in Bloomington.
• Offer an income tax credit to businesses that hire veterans.
Cost: $48 million reduction to general fund in 2012-13; $145 million in 2014-15.
JIM RAGSDALE
More from Star Tribune
More from Star Tribune
More from Star Tribune
More from Star Tribune
More from Star Tribune
More from Star Tribune
More from Star Tribune
More From Star Tribune
More From Politics
Nation
FEC fines ex-Congressman Rodney Davis $43,475 for campaign finance violations
The Federal Election Commission has fined the campaign fund of a former Illinois congressman $43,475 for failing to refund excess contributions in a timely manner.
Nation
Maine governor signs off on new gun laws, mental health supports in wake of Lewiston shootings
Democratic Gov. Janet Mills on Friday signed into law a suite of gun safety legislation approved by lawmakers after the deadliest mass shooting in state history, expanding background checks for private sales of weapons, bolstering the state's ''yellow flag'' law, criminalizing the transfer of guns to prohibited people and expanding mental health crisis care.
Nation
Guest lineups for the Sunday news shows
ABC's ''This Week'' — White House national security spokesman John Kirby.
Nation
Former Rep. Peter Meijer ends his longshot bid for the GOP nomination in Michigan's Senate race
Former Rep. Peter Meijer withdrew his name from the U.S. Senate race in Michigan on Friday, ending a longshot bid to become the Republican nominee and return to Congress after being ousted by voters for supporting an effort to impeach then-President Donald Trump.
Nation
South Dakota governor, a potential Trump running mate, writes in new book about killing her dog
a potential running mate for presumptive Republican presidential candidate Donald Trump — is getting attention again. This time, it's for a new book where she writes about killing an unruly dog, and a smelly goat, too.