Gov. Walz’s Buget Update from the MN Chamber

APPLE VALLEY CHAMBER NOTE: The Minnesota Chamber of Commerce (whom we are a member of) released the following summary of the budget surplus, reserves and the $2.6 Billion in federal funds coming in. We want you to see this summary to supplement what you read in the papers as businesses are impacted the most. If passed as is, it would make MN the #1 state for capital gains and the #2 state for corporate tax rate. MN is the only state in the upper Midwest to still tax PPP Loans.