Articles tagged under: Section 179
MN Legislature Passes Bonding and Tax Bill
Published October 16, 2020
The $1.36 billion bonding and tax bill passed by the Minnesota Legislature on Thursday will provide $200 million in tax breaks for farmers, including Section 179 conformity. "I think there was some concern about getting the tax bill done before…MN Lawmakers Meet for Short Special Session
Published August 17, 2020
Minnesota lawmakers convened for the third special session of 2020 last week. Not much work was done on the tax bill, Section 179 conformity or a bonding bill. As long as Governor Walz maintains emergency powers for the COVID-19 pandemic,…Walz Addresses Ag Issues
Published July 23, 2020
Minnesota Governor Tim Walz acknowledges this is a difficult time for everybody, but particularly for agriculture. Reflecting on the recent special session, Walz voiced frustration on one key issue. "I'm super-disappointed we didn't get a tax bill" which would have…Another Chance Possible to Finalize MN Bonding and Tax Bills
Published July 22, 2020
The Minnesota Legislature adjourned without reaching a deal on the bonding and tax bill, but there could be another opportunity. With the possibility of a third special session next month, Minnesota Corn Growers Association Senior Public Policy Director Amanda Bilek…Budget Challenge for MN Legislature
Published May 8, 2020
When the Minnesota legislative session began in February, there was a projected budget surplus of $1.5 billion. Then, the COVID-19 pandemic hit. Tax revenues and the economic slowdown along with additional spending now means a projected deficit of $2.4 billion.…An Uncertain Path Forward for Section 179
Published April 3, 2020
The status of Section 179 conformity in Minnesota is unknown at this time. Lobbyist Bruce Kleven says there are a few things making an impact including a change in the budget surplus. "Earlier this year, the surplus was $1.5 billion.…MN Farmers Want Section 179 Conformity
Published March 12, 2020
Lake Benton, Minnesota farmer Bob Worth met with state lawmakers, Governor Walz and Ag Commissioner Thom Petersen in St. Paul this past week on the budget and farm policy. "In Minnesota we have a $1.5 billion surplus. The governor is…Section 179 Conformity Not in Supplemental Budget
Published March 12, 2020
The latest Minnesota supplemental budget proposal doesn’t directly address Section 179 conformity, something rural America is asking from lawmakers this session. Minnesota Governor Tim Walz tells the Red River Farm Network the state is not in a tax year, but…MN Lawmakers Considering Options for Surplus
Published March 8, 2020
There’s a projected $1.5 billion surplus in Minnesota. Lobbyist Bruce Kleven says lawmakers still need to know how much money is available before they can decide how to spend it. "If you look at the House Democrats' view they say…