Revised tax bill heads to Governor

3:33 PM, Mar 6, 2008   |    comments
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A stripped-down version of the tax bill vetoed by Governor Tim Pawlenty last year is heading back his way. The Senate approved the bill on a 63-2 vote and sent it to the House for a vote. Senate Taxes Committee Chairman Tom Bakk says the bill could land on the governor's desk Thursday. Bakk says he removed everything Pawlenty didn't like -- including tax help for a proposed Mall of America expansion, a requirement to factor inflation into budget forecasts and tighter taxation of companies with foreign operations. The bill will match up Minnesota's tax code with the federal code to make filing easier for taxpayers. It also includes property tax breaks for disabled military veterans and an income tax exemption on military pay for National Guard and Reserves troops.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

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