SEN TAX PKG...new biz tax could torpedo it

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The Senate Taxes Committee has finished work on a sweeping tax reform package. The reforms will lower most property tax rates, but they also set up a controversial new tax on businesses. Minnesota Public Radio's Martin Kaste reports: The Taxes Committee has delivered what its chairman, Tower DFLer Doug Johnson, has been promising since January: major property tax reform. The legislation cuts everybody's rates somewhat, but the biggest cuts go to businesses, which also pay the highest rates. Chairman Johnson says the bill reduces the state's dependence on what he calls "unfair" property taxes: ((Escalating property taxes are stifling economic growth, and we all hear from our constituents, people who don't even want to remodel their house because their assessor will come and raise their rates.

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