Issue Position: Taxes

Issue Position

Jobs Stimulus Bill

Senator Sieben supported the jobs stimulus bill passed this year. The legislation is aimed at putting Minnesotans back to work, lowering the unemployment rate, and stimulating the state's economy so there are more and better jobs in the future. The bill focused on a variety of tax incentives and benefits intended to support new and existing Minnesota business, while capitalizing on the state's growing bioscience and high-technology industries.

Significant provisions of the bill include: an angel investment tax credit to encourage investment in emerging high-tech, bioscience, and green industries; a Historic Structure Rehabilitation tax credit; and an increase in the Research and Development credit.

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