Just when things are looking like they are settling down, the great DFL of Minnesota is at it again. Today, the MN House of Rep. Tax Committee released a "delete all amendment" to HF2323.
Items of note:
- Eliminate Mortgage Interest Deduction
- Replaced with a maximum $420 credit
- Eliminate Property Tax Deduction
Here is a short video with Christopher Galler from the Minnesota Association of REALTORS explaining this.
Contact your Representative (if you live in Minnesota) and urge them to Vote NO on HF2323.