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LEGISLATIVE UPDATE FROM REP. JEREMY MUNSON - DISTRICT 23-B
Friday, February 14, 2020
The 2020 Session has begun so I wanted to reach out to all of you and keep you updated on what is going on at your state capitol. Committees already have heavy schedules so here’s what I want to highlight for you from this week:
$3.7 Billion in Tax Over-collection
We’ll see what the budget forecast coming up at the end of this month says about our current state of over-collection but right now, Minnesota has a $1.3 billion projected budget surplus. The state’s long-term reserve fund nicknamed “the rainy day fund” has a $2.4 billion surplus. I propose we return $3.7 Billion of your money - about $1,400 per tax filer. It’s time provide relief to over-burdened Minnesotans and let them have their own “rainy day fund” back in their own pockets.
Full Schedule 179 Conformity
Many Minnesotans are receiving invoices from the MN Dept of Revenue thanks to lawmakers who changed the tax rules and made them retroactive triggering increased taxes for many Minnesotans. This is especially frustrating for farmers who trade-in equipment and now have to pay major penalties on past trade-ins due to this major change in tax law. We need FULL Schedule 179 conformity and HF2947 is the bill to fix it.
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Coming up Next Week
* Insulin Coverage Bill Hearing in Health & Human Services Finance - this is the "free insulin for all" bill from last session but now expanded to people who have health insurance.
* Traumatic Brain Injury Bill Hearing in in Public Safety - I am proud to be the chief author of this bill which has large bi-partisan support.
Legislative Town Hall – Mapleton, February 21st – 7-8:30pm
Mapleton Community Center, 304 2nd Ave NE, Mapleton MN 56065
Join me for a discussion on State spending and policy. Let's talk about the $3.7 billion in extra tax dollars in St Paul - what to do with it - how to best return it. Let's discuss healthcare policy, and waste, fraud, and abuse of spending in the Dept's of Health and Human Services. Maybe you want to hear about the new tax being proposed on Feedlots or the fix to schedule 179 expensing. I will also provide an update on proposed gun legislation.
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