Taxes

Democrats see Minnesota and Michigan as guides for what to do with majority power

Fueled by election gains, Democrats in Minnesota and Michigan this year enacted far-reaching policy changes that party leaders in other states are looking to as a potential roadmap for what they could swiftly achieve with similar control.

FILE – Minnesota Gov. Tim Walz, middle, holds the bill signed to legalize recreational marijuana for people over the age of 21, making Minnesota the 23rd state to do so, May 30, 2023, in St. Paul, Minn. Former Gov. Jesse Ventura stands at center. Fueled by election gains, Democrats in Minnesota and Michigan this year enacted far-reaching policy changes that…

Minnesota cannabis tax goes into effect July 1

MOORHEAD, Minn. (KVRR) — Minnesota cannabis retailers will soon charge a ten percent cannabis tax. It begins July 1st and currently only edible cannabinoid products and nonintoxicating topical products are legal to sell. The state sales tax at just under seven percent and any local sales taxes will also apply to cannabis. Vendors are letting people know about the tax…

LIVE: Minnesota Legislative Recap With Sens. Kupec & Rasmusson

Abortion. Gun control. Marijuana. Taxes. Education. A budget surplus. The Minnesota legislature tackled all that and more in a busy session.

Abortion. Gun control. Marijuana. Taxes. Education. A budget surplus. The Minnesota legislature tackled all that and more in a busy session. The legislative session wrapped up this week, and local lawmakers from both sides of the aisle are telling us how they think the big changes will impact people in our region. DFL State Senator Rob Kupec of Moorhead says…

“Relief for All” Tax Cut Plan Announced for North Dakotans

BISMARCK, N.D. (KVRR) — Gov. Doug Burgum introducing a legislative plan to provide the largest state income tax relief package in North Dakota history. It would replace the individual income tax rates with a single, lower flat tax. That is estimated to save North Dakota taxpayers $250 million annually. “This will allow North Dakotans, hard-working North Dakotans, to keep their…

Democrats Pass Massive Economic Bill Along Party Lines in U.S. Senate, Heads To House Next

WASHINGTON (AP/KVRR) – The estimated $740 billion economic package from Democrats is nowhere near what President Joe Biden first envisioned with his effort to rebuild America’s public infrastructure and family support systems. The Senate has approved the slimmer but still substantial compromise package 51-50 with Vice President Kamala Harris casting the tie-breaking vote. It heads next to the House. It’s…

Delegation asks IRS to extend income tax deadline due to blizzard

WASHINGTON (KVRR) – Due to severe weather, North Dakota’s congressional delegation is asking the IRS to extend the income tax filing deadline for state residents. Sens. Kevin Cramer, John Hoeven and Rep. Kelly Armstrong sent the request to IRS Commissioner Charles Rettig. The delegation wants the IRS to extend the federal income tax filing deadline and waive penalties for late…

House committee considers raising North Dakota tobacco taxes

BISMARCK, N.D. (KVRR/KCND) – A North Dakota House committee is considering two bills that would raise tobacco taxes. One would raise the tax on a pack of cigarettes by $1.00, bringing the tax to $1.44. The other bill would raise taxes on other tobacco products. Tim Blasl, president of the North Dakota Hospital Association, told the House Finance and Taxation…

Bill would let smaller businesses keep sales tax collections

BISMARCK, N.D. (KVRR/KCND) – A Fargo lawmaker has introduced a bill designed to help smaller retailers survive the effects of the COVID-19 pandemic. Democratic Rep. Pamela Anderson’s bill would allow retailers with 16 or fewer fulltime employees to keep the state sales tax they collect for 2021. The bill only applies to the 5% state-imposed sales tax, and does not…