Revisiting the “Three-Legged Stool”: Is Good Tax Policy Dead? 2021 | Fredrikson & Byron, P.A. | 4 November 2021 | Virtual Event

In this webinar, we will revisit issues and policy questions surrounding Minnesota’s so-called “three-legged stool” and focus on our state’s three revenue workhorses: income tax, sales and use tax, and property tax.

How has our system evolved? How do we compare to other states that levy similar taxes? What is the current role and importance of these tax types for revenue stability and tax equity in Minnesota? What key policy concerns does each tax type present?

Objectives

At the end of this session, attendees will be able to:
• Understand how income, sales and property tax revenue sources operate today and their role in funding Minnesota government and programs.
• Understand the tax policy behind these constituent taxes represented by the “three-legged stool” and whether those policies are still relevant today.
• Understand how other states finance their operations with these taxes by comparing their differing tax rates and the fiscal policies behind these types of taxes.
• Understand how these taxes have changed over time and the implications of those changes vs. the existing needs of Minnesota government and our community for the future.

2021 Presenters

Mark Haveman
Executive Director, Minnesota Center for Fiscal Excellence

Kenneth S. Levinson
Counsel, Fredrikson & Byron, P.A

Masha M. Yevzelman
Shareholder, Fredrikson & Byron, P.A