Quantcast

SC Minnesota News

Monday, December 23, 2024

Rosen: Farmers, small businesses benefit most from new bonding bill

118934833 900532103808361 2379669409957465355 o

Sen. Julie Rosen | Facebook

Sen. Julie Rosen | Facebook

Sen. Julie Rosen (R-MN) of District 23 presented a bonding bill that is said to be a compromise that serves the residents of Minnesota.

Rosen stated that the bill caused her "heartburn," according to a press release from the Minnesota Senate Republican Caucus. She highlighted that many Minnesota residents were feeling the same way.

"The bonding bill included some things that caused heartburn for me the same as it did for many of you," Rosen said in a press release. "But it is irresponsible to say 'no' to a bill that delivers on Minnesota’s core infrastructure responsibilities, creates jobs and spurs economic growth."

Rosen said farmers and small businesses in the state are benefitting the most from the new bill.

"Farmers and local small business owners are finally getting a major tax break with full conformity to Section 179 of the federal tax code," Rosen said in a press release. "It sounds boring, but it’s hard to overstate how important this tax cut is for Minnesota’s agricultural economy — especially important to thousands of families in southern Minnesota. Senate Republicans have been fighting for this for over a decade."

The bill provides tax cuts for up and coming businesses. Rosen said that this was probably the last chance she had to get the ball rolling. 

"Make no mistake, this was probably our last chance to get this important tax cut in for the foreseeable future," Rosen said in a press release. "It is unprecedented for sure to have a tax provision attached to a bonding bill, but nevertheless, it is a monumental victory to have the House agree to this provision."

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS