Senate GOP tax plan re-ignites estate tax debate at MN Legislature

The perennial debate over Minnesota’s estate tax has re-ignited at the legislature.  Democratic Governor Tim Walz’s revenue commissioner, Robert Doty testified today (Tues) that Senate Republicans’ proposed changes would benefit the wealthiest Minnesotans:

…”allow a larger amount of the estate to go untaxed.”

But spokeswoman Kaytlin Bemis says Minnesota Farm Bureau supports Republicans’ proposed change to the estate tax:

“Estate taxes can be a barrier to passing down farms to future generations by draining the financial resources of farmers and ranchers.”