Topics:
October 4, 2023
Trips to the hardware store, catching the game at your favorite local restaurant, and much more just got pricier.
Metro Sales Tax Hike Hit October 1, Costing Minnesota Consumers, Small Business Nearly $3 Billion
- The most recent data from NFIB’s Small Business Economic Trends shows that inflation remains a top concern for small business owners.
- Higher sales taxes hit small businesses on both ends. Minnesota’s Tax Incidence Study shows that 50% of general sales tax revenue is paid by businesses and higher sales taxes reduce customer purchasing power.
- The Metro Area Sales Tax hike was part of a suite of tax and fee increases this year that will cost Minnesotans nearly $10 billion over the next four years, including a higher gas tax, vehicle sales tax, vehicle registration fees, retail delivery fee, and new payroll tax.

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