Minnesota has positive economic forecast
The Minnesota Farm Bureau Federation (MFBF) recently announced that Minnesota has a positive economic forecast, which indicated an $825 million surplus for the coming fiscal year.
“This surplus should provide the opportunity for corrections to be made to the sales tax on labor charges on repair of farm machinery passed during the 2013 state legislative session,” said Minnesota Farm Bureau Federation (MFBF) president Kevin Paap.
In a letter sent Monday, December 9 to Governor Mark Dayton and leaders of the Minnesota Legislature, Paap stated the need for a commitment as well as a legislative path for repeal of the tax on labor charges for repair of farm equipment and the tax on rental and warehousing services.
“The expected surplus offers an opportunity to correct the tax issues, which came out at the end of the last session,” Paap said.
MFBF is comprised of 78 local farm bureaus across Minnesota. Members make their views known to political leaders, state government officials, special interest groups and the general public.
For more information, visit www.fbmn.org.