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Tax-free idea

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Hastings,Minnesota 55033
Hastings Star Gazette
Tax-free idea
Hastings Minnesota 745 Spiral Boulevard 55033

Some Republican House members want to exempt new Minnesota businesses from the state corporate income tax.

Rep. Kurt Zellers, R-Maple Grove, said the proposal would help create jobs.

"The idea is simple: If you bring your business to Minnesota and stay for five years, we will exempt you from the 9.8 percent tax rate," Zellers said.

The same would apply to expanding businesses.