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1985 POLICY POSITIONS <br /> <br />I <br />I <br /> <br />t985 MACI Policy Positions <br />as Adopted By the Board <br />on Octal: er 19, t984 <br /> <br />Prop,et'hi lax <br /> <br />I'educe the effective tax rate on <br /> ,usiness property by reducing the <br /> 5% da_ssification rate. <br />2. tmpcc~e the p¢opeflytoxoppeol p,'o- <br /> cess by re[x_-almg res~6caions on ~ <br />Lax:edure <br /> <br /> occo..~tc~;Wot {ocs} spend- <br /> isions by adopting a "last dol. <br /> Jar" properW tax finance ~'stem for <br />:hcx)ls and IcKat ffovernmental UniL~ <br /> <br />~?en manula¢'{urers and <br /> <br /> sors sales lox exemptions and rate <br /> i ductions for invc.~stmems in capital <br /> uipment. <br /> <br /> uppo~ retention of the current exemp <br /> tions for business arid professional <br /> services. <br /> <br />1 In_~com~e la___x <br /> the benel~s of indexing by <br /> <br /> continuing bracket indexation and re <br /> pealing the taymbJe net income adjust-. <br />Imem factor. <br /> <br /> Simplify the indMduol income tax <br /> by conforming IRA u-eatment, ACRS. <br /> Jm,'estmenl lax credit and minJlTlum ~X <br /> provisions. <br /> Provide more competitive tax struc- <br /> tures by reducing ~xes. <br /> <br />4. Retain the deductions for federal <br /> <br />D. Corporate Income lax <br /> <br /> 1. Moderate lhe effect at the unitary <br /> apportionment statutes By permit. <br /> ting affiliated corporations to file a <br /> consolidated return, by eliminating the <br /> mandatory, application of our uniuaO- <br /> reporting and nara~,'ing the slatutoD' <br /> scope of "unitary" enterprises. <br /> <br /> 2 Contorm to federal ACRS provi- <br /> sions of the Federal 1984 Tax Reform <br /> <br /> 3. Lower the statutory 12% rate to 10% <br /> <br /> 4. Retain the weighted and arithmetic <br /> average aprx)rtionment formulas. <br /> <br />E. Business lox Reform <br /> <br /> 1. Oppose consideration of o state <br /> based value.added tax until nation. <br /> al debates on the i.~ue conctude in a <br /> federal value.added tax. <br /> <br />F. Tax Administration <br /> <br />1. Provide for an additional admini.- <br /> strotive appeal procedure of cam <br /> missioner'$ orders. <br /> <br />2. Repeal requirements that contested <br /> tax liabilities be remitted before <br /> appeals can be token to the Tax Coon. <br /> <br />3. Equalize the Interest rates on <br /> amounts owed to taxpayers v, qth <br /> amounts of deficiencies. <br />4. Reduce the penalty rote. <br /> <br />5. Adopt letler rulin9 and private rul- <br /> Ing procedure and effect similar to <br /> IRS ;md New York state provisions. <br /> <br /> II. SPENDING <br /> <br />A. Evaluate spending decisions by firs~ <br /> dis:inguishing be~,een current consump <br /> Lion and inveslLments in Minnesota's eco- <br /> nomic- well being. <br /> <br />B. Provide direct legislative control OVer <br /> legislatwe, executive and judicial branch <br /> pay. <br /> <br />C. Amend PELRA to restrict utilization of <br /> binding adoitration. <br />D. Cap the budget reserve at its current <br /> level of $375 million. <br /> <br />E. Permit the MEED program to expire as <br /> scheduled under current law. <br /> <br />III. ECONOMIC <br />DEVELOPMENT <br /> I <br />A. Promote and encourage expansion of <br /> aero-space, defense and other federal - <br /> government contracting for research. <br /> goods and services with Minnesota <br /> employers. <br /> <br />B. Support only generalized investment <br /> tax credits, research and experimentation <br /> tax credits and pollution control lox <br /> credits. <br />C. Supporl economic development ad- <br /> vertising promotions on a parmership. <br /> cost-s 'hating basis with indust~.'groups or <br /> geographic area promotion associations. <br /> D. Support bonldng and capital I1nanc- <br /> Continued on flap <br /> <br /> MACI CONWRIBU'F1NG STAFF: <br />S~e,'e Jt 9nrt~)n ....................... Editor <br />'~qn I~mJen ....................... President <br />Mark .;mdm'~)n .............. From the Capitol <br />Greg De~u ............. Small Bu.*iness New~ <br />Fr:mc:s Fitzgerald .......... Labor Managemem <br />Jodee C Kulp ................ Graphic Design <br />Mice Negram .............. Membership h'(xes <br />John OL~m ............................ EAP <br /> <br />GuesI editorials are welcome. For more irfforma <br />titxl con~c~.qeveJohn_son at MACI (612 ) 2924665. <br /> <br />IHNNESOTA'S <br /> <br />BUSINESS <br /> <br />MINNL'.;o'rA A.S,",;OCIAT1ON OF <br />COMMERCE & I,~FDUSTRY <br /> <br />PublLdwd ~22 '720. Minnesota ~ thtsotex~ g~ pn'nted <br /> <br />~}ste~e~¢t~ at St. Paul Minn{~ota Addre~ c~n~ <br />~ntld ~' ~,nt to: Minntsota .4~t~'mtior~ of Com. <br />merce and Industo,, 3~ Htotot~ BuiMing 480 <br />C2,dar 37reel .5~ Paul Mit/tt~ola 55101. ~ <br />R¢pn~htctton ~nltted u'i/b attmbution to <br /> <br />'1 <br /> <br />POLICY POSITIONS <br /> <br />lng legislation which enhances th~ <br />groxxxh mid stabiliq,' of capital markets <br />but oppose legislation which at <br />tempts to res~ct or artificially subsid <br />Ize investments. <br /> <br />IV, ENERGY AND <br /> ENVIRONMENT <br /> <br />A. Super/und/MERLA <br /> <br />1. Amend the Minnesota Supe.rhJnd law <br /> to: <br /> a. Eliminate retroactive application <br /> of the strict joint and several liability <br /> standard. <br /> b. Amend the ~verOJ IJobJllh/stan- <br /> ds.rd <br /> c. Amend the standard for proof of <br /> causation for injuries allegedly in. <br /> cuffed a.s a result of releases of <br /> ha72;dous v,'aste. The litigation stan- <br /> dards sought should be those appli. <br /> cable under the pre-existing com- <br /> mon Jaw, <br /> <br />B. Waste Siting and Hazardous Sub- <br /> stances <br /> <br />I. Suppod the Waste Management Board <br /> in locating and developing a hazard- <br /> ous waste disposal site within Min- <br /> nesota. <br /> <br />2. Support legislation which provides <br /> adequate information to flrefigh- <br /> ters on the location of hazardous sub- <br /> stances in buildings in their communi- <br /> ties. <br /> <br />C. Environmental Standards <br /> <br />1. Seek to contocm state Iow~ and <br /> regulations designed to pro{oct the <br /> human em'ironmem lo federal stan- <br /> dards. <br /> <br />V. LABOR/MANAGEMENT <br /> r ,, <br /> <br />A. Unemployment Compensation <br /> <br />1. Solvency of the unemplo.~maent cam <br /> pensation sTstem should bo o top <br /> priority so as to reduce the federal mx, <br /> <br />Continued on back <br /> <br /> <br />