Minnesota News

Dayton: tax cuts for business 'up in the air'

ST. PAUL, Minn. (AP) - Gov. Mark Dayton says tax cuts for business are "up in the air" after he decided to drop a sales tax hike on transactions between businesses.

The Democratic governor spent Friday morning revealing changes to his two-year budget plan. The most notable is eliminating his proposal for a business-to-business tax, which Minnesota business owners had lined up to bash.

But Dayton had also proposed tax changes favorable to business: a freeze in business property taxes and a cut in the corporate income tax. But those could be in jeopardy without the money that would have been raised with the sales tax changes.

Dayton says details will be finalized this weekend on an updated budget proposal he plans to unveil on Tuesday.

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