An agreement on section 179 of the Minnesota tax code is expected to be reached in a special session of the legislature according to State representative Jeff Brand of St. Peter.
“If you’re a farmer who buys a tractor or a grain bin, if you’re a small business who buys some shelving or what have you, that currently can be counted against you meaning you’ll have a higher tax bill,” said Brand. “We’re looking at making this measure retroactive to 2018. That’s what we need to do. That’s where we need to be. I was very happy to see an agreement on that.”
Lawmakers head back to work (Friday) for a special session. Brand expects a bonding bill, police reform, and racial equality to be among the issues discussed.