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Minnesota Senate seeks to impose first-in-nation social media tax
The Minnesota Senate Tax Committee approved a bill Thursday morning that would impose the first "social media tax" in the nation. Just one of many provisions that add up to about $365 million in new taxes over the next two years.
“You have to be really wealthy or a multi-national corporation or Elon Musk to complain about this bill,” responded Sen. Ann Rest, DFL-New Hope, chair of the Senate Tax Committee. “It’s time that we recognize and admit the fact that there is no tax, there is no fee we can place on business that ultimately will not be paid out of the pockets of our consumers,” said Sen. Bill Weber, R-Luverne. The bill also reduces aid to local governments and cuts back, but does not eliminate, tax credits for filmmakers and other media production in Minnesota.
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