To the Editor:
In an effort to improve the small business climate in Minnesota, the Minnesota House Small Business Caucus has unveiled its legislative agenda for the 2012 session.
The Small Business Caucus is a bipartisan group of representatives interested in helping address some of the problems small business owners face in this state. As chairman of the House Jobs and Economic Development Finance Committee, I support the agenda.
Small business owners are the backbone of rural Minnesota's economy. Any time we can pass laws that make it easier for them to conduct business or hire new employees, Minnesota wins.
Many small businesses complain about being overtaxed. To ease their burden, the Small Business Caucus proposes to reduce their property taxes by exempting the first $150,000 of value from the state property tax. It also suggests repealing the accelerated pre-payment of state sales taxes for small businesses, and allowing an upfront sales tax exemption for capital equipment purchases rather than the current requirement to submit paperwork for reimbursement.
There are several other proposed initiatives relating to finance and investment and barrier removal that I expect small business owners will appreciate.
By working together across party lines, lawmakers can truly make a difference for small business owners be approving this ambitious agenda. I expect many of these bills to become law by the end of this session.
State Rep. Bob Gunther,