Minnesota Persists in Drive for Full Value From Corporate Taxes

The week in state tax news: Getting right-sized revenue from the corporate tax base continues to be a big concern for Minnesota lawmakers, who are looking at transparency legislation and a study of base erosion. Meanwhile, Connecticut legislators mull a surtax on capital gains, the Nebraska high court rules that property destroyed by arson is eligible for tax relief, and New Mexico’s governor signs a tax-overhaul bill.

The Minnesota Legislature is again proving that the Gopher State is willing to defy conventional tax logic in a campaign to combat corporate tax base erosion.

The House Taxes Committee held a hearing ...