House Democrats Propose Tax Plan 03 Apr 13

Minnesota House Democrats are proposing $250-million in property tax relief, including a boost in refunds available to homeowners, new credits for renters and an increase in aid to local governments they say should reduce reliance on local property taxes. Supporters of the proposal unveiled Tuesday say it would make an additional 225,000 homeowners and renters eligible for property tax refunds and increase the size of refunds for many of the currently eligible. That’s accomplished by a $157-million increase in the state’s property tax relief program, and an additional $15.5-million for a credit that provides direct relief to low- and middle-income renters.