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Minnesota House Passes Omnibus Tax Bill

Minnesota State Capitol
Minnesota State Capitol

ST. PAUL, MN (KDAL) - The Minnesota House on Wednesday approved the Omnibus Tax Bill on a 69-64 vote.  The bill includes tax increases on alcohol and tobacco products and ups the taxes on those making 500 thousand dollars a year or more.  Corporate tax loopholes would be closed and funding for education is increased.  The bill also provides property tax relief and increases local government aid with a new formula.  Under the bill Duluth would see increases in LGA by 1.5 million dollars in 2014 and 2.1 million in 2015.