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The Morning Digest from the Minnesota Chamber of Commerce

Big wheels line up in transportation push From FINANCE AND COMMERCE: When Minnesota Republicans took control of the state Legislature in 2010, the proposed Southwest Light Rail Transit line was one of the first targets to draw fire. The new leadership argued it was unwise to build a new line when roads and bridges needed […]

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New Orleans, Ft. Lauderdale Are Top Hotel Project Targets

New Orleans, Ft. Lauderdale Are Top Hotel Project Targets By Natalie Rodriguez Law360, New York (August 22, 2014, 5:19 PM ET) — New Orleans and Fort Lauderdale are the two top hotel markets with the most appetite for new development, with current supply projections through 2015 well below what the cities could handle, a PKF […]

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‘Earnings Stripping’ Fix Could Blunt Foreign Investment

‘Earnings Stripping’ Fix Could Blunt Foreign Investment By Ama Sarfo Law360, New York (August 22, 2014, 5:19 PM ET) — New York Sen. Charles Schumer recently escalated the corporate inversion debate by pitching a proposal to blunt “earnings stripping” — where U.S. subsidiaries deduct interest payments on debt owed to their foreign parent — and […]

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Minnesota Commercial Property Taxes & Valuations

There are many factors that determine the size of a Minnesota commercial property tax bill. The most important contributing factors to a Minnesota property tax bill are: the state tax rate local tax levies the class of property owned by a business and the valuation of the property Minnesota subjects three types of property to […]

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Partial Section 179D Property Tax Deductions

In our last post we discussed the availability of Section 179D property tax benefits for past commercial building projects. Minnesota businesses can leverage this property tax deduction in order to secure significant tax savings. Partial deductions can also be captured through Section 179D at a rate of $0.60 per square foot. Partial deductions are available […]

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How Midwest Businesses Can Leverage 179D Federal Tax Deductions

Many businesses in Minnesota and throughout the Midwest have reduced costs by retrofitting and remodeling their buildings with energy efficient technology. The reduction in energy waste and smaller energy bills are highly attractive for any company’s bottom line. Business owners are constantly looking for other ways to increase profitability by reducing costs. One often-overlooked cost […]

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