--- title: Relief to Minnesota Small Businesses in 2019 description: News - State senate voting on a tax relief bill in a special session in May 2019 image: https://www.tworldnorthstar.com/hubfs/AdobeStock_257284762.jpg --- **[![phone](https://www.tworldnorthstar.com/hubfs/2020%20Website/white-phone-solid%20(1).svg "phone")(888) 290-5232](tel:888-%20290-5232)      ![envelope](https://www.tworldnorthstar.com/hubfs/2020%20Website/envelope-solid-white.svg "envelope") [northstar@tworld.com](mailto:northstar@tworld.com)** [![TRANSWORLD-LOGO-2023-2Color-VF-02](https://www.tworldnorthstar.com/hs-fs/hubfs/Tworld%20Logos/TRANSWORLD-LOGO-2023-2Color-VF-02.png?width=1801&height=600&name=TRANSWORLD-LOGO-2023-2Color-VF-02.png "TRANSWORLD-LOGO-2023-2Color-VF-02")](https://www.tworldnorthstar.com/) ![4 Team members](https://www.tworldnorthstar.com/hs-fs/hubfs/2020%20Website/Imagery/4%20Team%20members.jpeg?width=1350&name=4%20Team%20members.jpeg "4 Team members") # Transworld Blog From business brokerage to mergers and acquisitions; we are the business sale specialists. - [For Entrepreneurs](https://www.tworldnorthstar.com/blog/topic/for-entrepreneurs) - [minnesota state tax](https://www.tworldnorthstar.com/blog/topic/minnesota-state-tax) - [tax relief](https://www.tworldnorthstar.com/blog/topic/tax-relief) # [Relief to Minnesota Small Businesses in 2019](https://www.tworldnorthstar.com/blog/relief-to-minnesota-small-businesses-in-2019) [Read More →](https://www.tworldnorthstar.com/blog/relief-to-minnesota-small-businesses-in-2019) - [buying a business](https://www.tworldnorthstar.com/blog/topic/buying-a-business) - [selling a business](https://www.tworldnorthstar.com/blog/topic/selling-a-business) - [For Entrepreneurs](https://www.tworldnorthstar.com/blog/topic/for-entrepreneurs) - [Case Studies](https://www.tworldnorthstar.com/blog/topic/case-studies) - [**](https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fwww.tworldnorthstar.com%2Fblog%2Frelief-to-minnesota-small-businesses-in-2019) - [**](https://www.twitter.com/share?url=https%3A%2F%2Fwww.tworldnorthstar.com%2Fblog%2Frelief-to-minnesota-small-businesses-in-2019) - [**](http://www.linkedin.com/shareArticle?mini=true&url=https://www.tworldnorthstar.com/blog/relief-to-minnesota-small-businesses-in-2019) [All Posts](https://www.tworldnorthstar.com/blog) # Relief to Minnesota Small Businesses in 2019 - [Tweet](https://twitter.com/share) It's been 20 years since Minnesota has seen an income tax rate cut. But today the Minnesota Senate Republican Caucus published a press release with welcome news. The Minnesota Senate is set to hear and pass a tax bill in a special session that will include federal conformity, so it will be easier for Minnesotans to file their taxes. The bill also includes small business and farmer tax relief. This means Minnesotans will be able to keep more of their income, and property tax burdens will be reduced for businesses. Even better news is, the bill also includes additional local government aid (LGA) for cities and towns, to encourage more investment in communities. If it passes, Minnesota businesses will get relief from a $50 million annual reduction in the statewide property tax. The Senate is expected to vote on the bill next week. For more info go to [mprnews.org](https://www.mprnews.org/story/2019/04/24/senate-republicans-tax-plan-released-cuts-income-tax-rate).   ![AdobeStock_257284762](https://www.tworldnorthstar.com/hs-fs/hubfs/AdobeStock_257284762.jpg?width=727&height=485&name=AdobeStock_257284762.jpg)     ![Scott Hislop](https://www.tworldnorthstar.com/hubfs/website_templates/TWMN_2016/blog-thumb-scott.jpg) ###### Scott Hislop CEO & Owner at Transworld Business Advisors | Business Brokers Helping Entrepreneurs Achieve Their Dreams and Goals Through the Complex Process of Buying or Selling a Business [Get In Touch](https://www.tworldnorthstar.com/talk-to-advisor) ![](https://cdn2.hubspot.net/hubfs/2029673/Assets/Search_Image.png) - Recent - Popular - Categories ### Lists by Topic - [buying a business (56)](https://www.tworldnorthstar.com/blog/topic/buying-a-business) - [selling a business (26)](https://www.tworldnorthstar.com/blog/topic/selling-a-business) - [For Entrepreneurs (10)](https://www.tworldnorthstar.com/blog/topic/for-entrepreneurs) - 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As they neared retirement, the Greens wanted to sell the company and focus on family. Mark also desired to sell, but remain employed by PWC. - [Transworld Business Advisors](https://www.tworldnorthstar.com/blog/author/transworld-business-advisors) - 4 min read - Aug 24, 2023 9:00:00 AM ## [Case Study: Selling a Pet-Sitting Business in Less Than 4 Months](https://www.tworldnorthstar.com/blog/case-study-selling-a-pet-sitting-business-in-less-than-four-months)   Sales Timeline: Less than 4 months Sale Price: $320k   The Background Located in the Twin Cities, the owner of Whiskers to Tails Petsitting had proven to be a successful entrepreneur focused on providing care for animals in the home. 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