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<br />'Sel~-insUr.~ce plm pays, off forcounty II
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<br />by Donna lIeath " . '1.> 'P
<br />Under its self insurance' plan \ IIJ f: C. IJ'"l-l 10>0 Et r> '"
<br />Pine County paid $70,300 into the' _' (.' ' F-
<br />Workmen's Compensation fund st ' Co
<br />the beginning of the contract year.' 1...... 0 3
<br />Because claims in this category
<br />totsled less than $4 000 it will
<br />receive a refund of $66',560.
<br />,', That was the good. news
<br />delivered to the County Board of
<br />Commissioners by Fred Moen from.,
<br />Corporate Risk Managers, the firm "
<br />that analyzes and advises the
<br />co~ty ~n ~nsurance coverage.
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<br />DFChelps b-usJ,!1~~~-'- --...- -- \--:
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<br />In re!j>OllSO to the lettu .. Anti-busiD\.ss
<br />, DFLen" (Feb. zl, I would like to point out
<br />to Mr. Zeece that the DFL LeglSlatnn bas \'
<br />en.acUd Dumero", proposaJs over the \ast ' :,
<br />,,\ ' decade regarding busiDess development, I
<br />including the lollowing: i
<br />I I l.Minnesota is ODe 01 two states that at. \
<br />,lows its multistate corporatio... lor pur' \
<br />pas<' 01 apportioning'their income-to MiD- I '
<br />Desota, to use the lower of an ari~etic or \ ".. ..
<br />weigbted average of sales, tanglble prop-
<br />erty and payroll
<br />%. In 1973, SaI!'5 were defined to ~clude
<br />saI.. made within Minoesola' but delivered
<br />elsewhere, bown a5 the destination sales
<br />rule. Tbi5 effectively lowered corporate
<br />t=able.income.
<br />3. Minnesota is ODe of the lew states
<br />which allows the lu!1 deduc:tihility 01 other
<br />corporate taxeS paid to other states.
<br />.. In 1980, the minimum ta:s: lor corpo-
<br />ratio", of 1100 W3'I eliminated.
<br />S. In 198H2, the capital gain3 exclusion
<br />was increased from SO to 60 percent and
<br />uteDded to corporatiODS- '
<br />6. To provide ta:s: .....of to sroaIl busi.
<br />Dess. the corporate income tax rate was
<br />reduced from 12 to 6 percent- on the first
<br />$z5,Ooo 01 !arable income.
<br />, 7. To strengthen Minoeso\a'. lead in
<br />higb-technology industry, a Dew researrl1
<br />and development credit' was enacted 10
<br />198%.
<br />8 The state's inberitance/=te ta:s: was
<br />~ticallY liberal!zed in both 1979 and
<br />1981-32, wbith belps sma1l bUSllless<S re-
<br />main lamilY-owoed. '
<br />e9;.;::o=ercia1/industrial property ta:s:.
<br />.. per $1,000 01 estimated market val~e
<br />deelined lrom ;.IUS in 1971 to $37,U 10
<br />1981, a zz.3-percent decrease.
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<br />10. In 1978, the employon' excise ta:s:
<br />was rep"...aled.
<br />\lillIn 1980, the Legislatnn acted to re-
<br />duCe lbe property tal: burden on sma1l
<br />busin=es by providing a 7-pertt"t reduc.
<br />tion in assessed values OD lbe nrst ;50.000
<br />of manet value lor co=ercial and in-
<br />dustrial property. ,
<br />As chairman 01 lbe Economic Develop-
<br />ment Division of the House Tax Commit.
<br />lee, I genninely welcome ideas lor roster.
<br />wg business expansion and additional
<br />,employment. I am confident lbe 1983 Leg.
<br />islatnn will enact lurther m= to ac-
<br />, l'Omolish this goaL
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