Agenda - Council - 02/22/1982 - Laserfiche WebLink

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ity of Ramsey f, TO: Senator Moe, Senate ,ajority Leader Senator Ashbach, Senate Minority Leader ROM: Mayor G~ec, City of Ramsey Councilman Cox, City of Ramsay ~ ' R~dM~ 'er ?a~e~C~i~e~~n~°~i~ ~ ~o I I Mr. Jack Menkveld, Ramsey Economic Development Commission SUBJ: Taxes and their effect on business in Minnesota I I I I I I I I 1) Taxes - We are very concerned as to what you gentlemen see coming out of this 1982 legislative session regarding the problems taxes are causing in the expanding of old businesses/the development of new businesses in our State. We are very concerned about the following taxes: a) Fiscal Disparity Tax - This is a tax that affects only the Seven County Metro Area and it is a tax that is only levied agaihst the business community. The City of Ramsey is very much opposed to this tax because of the unfairness of it. We have received favorable comments on the repealing of this phantom tax law. Question - What is yottr opinion on this tax law and how do you think your party will treat it this session in regards to repealing it? b) State Property Tax Law Formula in Regards to Residential Homestead Property and Commercial/Industrial Property - We in the City of Ramsey along with the rest of the communities in Minnesota feel that the present Minnesota law that establishes the property tax formula is really playing havoc in our State's business community. The follow- ing enclosures are submitted to substantiate what we are saying in this paragraph. (l) Enclosure A-1 contains the State property tax formula and how it works taking a $50,000 residential homestead and showing it as a residential homestead, then as residential rental property and then as commercial property.