McNamar authors bill to repeal farm equipment tax
State Representative Jay McNamar (DFL-Elbow Lake) has introduced several bills to repeal new sales taxes on agricultural and manufacturing machinery repairs.
McNamar said that providing tax relief to Minnesota farmers is a top priority for him during the upcoming legislative session.
“After such drastic weather and changes in markets this past year our farmers need some relief,” said McNamar. “There appears to be bipartisan interest in repealing these taxes and I hope we can work with Democrats, Republicans and Governor Dayton to get this done during the upcoming session.”
The farm equipment tax went into effect last July, but McNamar’s bill would repeal the tax retroactively at a cost of $28 million over two years. State officials currently forecast an $825 million budget surplus.
The state will get its next forecast in March. McNamar said he is hopeful the current surplus will hold so that the Legislature can repeal the farm equipment tax while maintaining a balanced budget.
The state Legislature cannot take official action on McNamar’s legislation until the 2014 legislative session begins on Tuesday, February 25.
McNamar may be contacted at (651) 296-4929 or email@example.com.