A change in power in the Minnesota House.
Dear members,
After a difficult two years of one-party rule, for the first time since 1990, Minnesota government is back to being divided again when conservatives scored a big victory on Election Day, taking back control of the Minnesota House. The new majority is 72 Republicans and 62 Democrats.
The new pro-business House majority will likely address several key small business concerns, including conforming Minnesota’s estate tax exemption to the federal. Minnesota is currently way out of conformity with the federal exemption of $5.43 million per person. Minnesota is phasing into a $2 million per person exemption. The phase-in will be complete in 2018. The House will also likely push for a targeted income tax cut for small business entrepreneurs and will likely pass legislation placing significant restrictions on MNsure, our very flawed health insurance exchange. The session started January 6 and is scheduled to end May 18.
Mike Hickey
State director, NFIB/Minnesota
