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DTSTART:20160205T140000Z
DTEND:20160205T153000Z
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SUMMARY:INSIDERS & ISSUES 2.5.2016
DESCRIPTION:This month we will discuss BUSINESS PROPERTY TAXES.\n\nBeth Strinden Kadoun\, Vice President\,Tax and Fiscal Policy for the Minnesota Chamber will join us to share her insights on the topic.\n\nENACT MEANINGFUL BUSINESS PROPERTY TAX RELIEF\n\nMinnesota businesses property taxes are among the highest in the nation. Tax burdens on some properties are more than 90% higher than the national average and more than 200% higher than in neighboring states. Businesses pay a disproportionate share of the property tax\; they have 12% of the market value but pay 32% of the total property tax. Much of that disparity is due to the classification system and the state levy that businesses must pay in addition to all their local property taxes. We support reducing this fixed cost of doing business by reducing the statewide levy and eliminating the automatic inflator. We oppose any additional shift of taxes to commercial/industrial properties.
X-ALT-DESC;FMTTYPE=text/html:<p>This month we will discuss BUSINESS PROPERTY TAXES.</p>\n\n<p><span style="color: rgb(0\, 0\, 128)\;">Beth Strinden Kadoun\, Vice President\,Tax and Fiscal Policy for the Minnesota Chamber will join us to share her insights on the topic.</span></p>\n\n<p>ENACT MEANINGFUL BUSINESS PROPERTY TAX RELIEF<br />\nMinnesota businesses property taxes are among the highest in the nation. Tax burdens on some properties are more than 90% higher than the national average and more than 200% higher than in neighboring states. Businesses pay a disproportionate share of the property tax\; they have 12% of the market value but pay 32% of the total property tax. Much of that disparity is due to the classification system and the state levy that businesses must pay in addition to all their local property taxes. We support reducing this fixed cost of doing business by reducing the statewide levy and eliminating the automatic inflator. We oppose any additional shift of taxes to commercial/industrial properties.</p>\n<br />\n<br />\n&nbsp\;
LOCATION:Guardian Angels Corporate Office 508 Freeport Elk River\, MN 55330
UID:e.32.14605
SEQUENCE:3
DTSTAMP:20260411T154102Z
URL:http://business.elkriverchamber.org/events/details/insiders-issues-2-5-2016-02-05-2016-14605
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