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Senate narrowly passes tax omnibus including data-center mitigation and cannabis tax increase
Summary
The Senate passed House File 9, the omnibus tax bill, after partisan debate over restoring a sales-tax exemption on electricity for data centers, increasing cannabis taxes and adding refundable R&D credits. A motion to restore the electricity exemption failed; the tax bill passed by a single-vote margin after roll calls.
The Minnesota Senate passed House File 9, the omnibus tax bill, after lengthy floor debate that ranged from industry tax incentives to a contested cannabis tax increase and the structure of research-and-development tax credits.
Senator Rest, explaining the bill, said the package reflects a leaders’ agreement and includes provisions intended to mitigate the effect of a separate tax measure on data centers. She described $80 million over four years in refundable R&D credits and other leader-negotiated provisions, while acknowledging disagreements with some parts of the agreement.
Oppon…
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