Nonpartisan Minnesota House researchers Joel Michael and Anita Neumann last Friday delivered new papers to the House Jobs Task Force that provide a detailed list of the state’s spending and tax programs for economic development and job growth. The reports provide excellent primers on the programs at the center of one of the most hotly debated policy topics at the Capitol.
Neumann’s report on spending includes the Minnesota Investment Fund and the 21st Century Minerals Fund.
Michael’s report on tax provisions breaks down the Job Opportunity Building Zones (JOBZ) program into separate taxes with separate dollar amounts for 2010. It also explains how the corporate franchise tax is moving to sales-only apportionment. After 2014, the corporate franchise tax will exclude property and payroll and will be based only on sales.
Michael and Neumann also prepared a bipartisan list of job creation bills that were introduced during the 2009 legislative session. They include the bill by Rep. Keith Downey, R-Edina, that closely resembled Gov. Tim Pawlenty’s green JOBZ proposal. It also explains the emergency employment development bill authored by Rep. Tom Rukavina, DFL-Virginia.