Recent Articles

Mar 25Ken Saddler

Recent Minnesota Tax Law Changes

Mar 25Ken Saddler

From our CPA friends at HLB Tautges Redpath, Ltd.

On Friday March 21, 2014 the Minnesota Legislature passed a tax bill that provided relief to individuals and businesses. The bill eliminated three business-to-business sales taxes passed in 2013 and changed the date for the capital equipment up-front exemption. The changes are highlighted below:

• Repair and maintenance of electronic and precision and commercial and industrial equipment will not be taxable starting April 1, 2014.
• Tax on warehousing and storage services was repealed. It was set to become taxable on April 1, 2014.
• Telecommunication machinery and equipment will be exempt as of April 1, 2014.
• The Capital Equipment up-front exemption has been pushed back to July 1, 2015.

B2B CFO®

Free Discovery AnalysisTM

Fill out the form to receive your
Free Discovery AnalysisTM (a $1600 value)