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! <br /> <br /> 1980 1 <br /> <br /> "Limited market value" repealed. <br /> Indivldual income tax indexed. <br /> Death taxes reformed. <br /> <br /> Out-of-state source income tax <br /> improved. <br /> <br />Income taxes on pensions moderated, <br />and in some cases, repealed. <br /> <br />Top income tax rate reduced. <br /> <br />Industrial pollution control tax <br />credit re-instated; farm feedlot <br />pollution credit's "sunset" re- <br />pealed. <br /> <br />Railroad taxes reformed. <br /> <br />Update and conformity of individual <br />income tax. <br /> <br />Income taxes on some pensions mod- <br />erated. <br /> <br />Small business property tax (and <br />apartments) classification rate <br />reduction. <br /> <br />~. Property tax "shift", increasing <br /> business property taxes. <br /> <br />Property tax "shift", increasing <br />business property taxes. <br /> <br /> 1. Federal windfall profits tax dis- <br /> allowed as deduction. <br /> <br /> 2. Individual income tax indexing <br /> limited. <br /> <br /> 3. Taxable net income adjustment <br /> factor. <br /> <br /> 4. Individual income tax changed to <br /> accrual system. <br /> <br /> 5. Accelerated withholding remittance. <br /> <br /> 6. Speed up of corporate income tax .... <br /> estimate payments.- <br /> <br /> 7. Sales tax to 5%. <br /> <br /> ~.Increase in homestead exemptions, ._ <br /> increasing business property taxes. <br /> <br />For additional information on Minnesota tax policy contact Mark Anderson, vice <br />president fiscal and economic policy (612/292-4658). <br /> <br /> <br />