Key: (1) language to be deleted (2) new language
Laws of Minnesota 1985 RESOLUTION 2-H.F.No. 7 A resolution memorializing the President and Congress to retain the federal income tax deduction for state and local taxes. WHEREAS, the federal income tax deduction for state and local income, sales, and property taxes has been a critical feature of fiscal federalism since 1913; and WHEREAS, the deduction for state and local taxes strengthens federalism by enhancing the ability of state and local governments to serve their citizens independently; and WHEREAS, the deduction for state and local taxes reduces excessive tax burdens that result from fiscal disparities among states; and WHEREAS, the deduction for state and local taxes dampens destructive tax competition among competing jurisdictions by reducing the disparity in tax burdens; and WHEREAS, the expanding federal deficit represents a growing threat to state and local government finances, to our nation's economic health, and to future generations; and WHEREAS, state and local governments are willing to do their part to improve and simplify the federal tax system and to reduce the growing federal deficit; and WHEREAS, the general economic benefits of federal tax reform must be balanced with the vital intergovernmental objectives served by the deduction for state and local taxes; and WHEREAS, prominent legislative proposals for the outright elimination of the deduction for state and local taxes would upset this intergovernmental balance; and WHEREAS, this intergovernmental balance can best be achieved by retaining the deduction for state and local taxes; NOW, THEREFORE, BE IT RESOLVED by the Legislature of the State of Minnesota that Congress should enact tax reform legislation that retains the federal income tax deduction for state and local taxes. BE IT FURTHER RESOLVED that the Secretary of State of Minnesota shall transmit certified copies of this memorial resolution to the President of the United States, the President and the Secretary of the United States Senate, the Speaker and the Clerk of the United States House of Representatives and to Minnesota's Senators and Representatives in Congress. Approved without governor's signature June 27, 1985
Official Publication of the State of Minnesota
Revisor of Statutes