Photo by Ed Schipul via Flickr
A range of changes in Minnesota tax laws take effect today, MPR News political reporter Tim Pugmire has the highlights:
* A new 9.85 percent tax rate will apply to taxable income above $250,000 for couples and $150,000 for single filers
* The taxes on a pack of cigarettes jumps from $1.23 to $2.83.
* The state sales tax will now apply to purchases of downloaded digital products such as books, music, videos and ringtones.
* The sales tax on car rentals increases from 6.2 percent to 9.2 percent.
* Large online retailers must now collect sales tax from their Minnesota affiliates.
* Pay-per-view movies on satellite TV are now subject to the sales tax.
* The labor costs for business-related equipment repairs, including electronics and machinery, are subject to sales tax.
Today’s Question: Will new Minnesota taxes change how you spend your money?