Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Minnesota Legislature approves nearly $30M to cover tax refunds due Enbridge

 

Richard Tsong-Taatarii, Star Tribune

The different Enbridge pipelines that run across Minnesota converge at the Superior, Wis., terminal where oil is stored and directed to its final destination.

Minnesota counties on the hook for huge tax refunds to Enbridge - through no fault of their own - will be bailed out by the state to tune of nearly $30 million.

The payments are authorized by the tax bill passed by the Legislature early Thursday. Also, another $16 million to $18 million due to Enbridge will be refunded as a part of a tax settlement the company made with the Minnesota Department of Revenue.

That refund will essentially be paid through a credit to Enbridge's property taxes due in the future.

https://www.startribune.com/minnesota-legislature-approves-nearly-30m-to-cover-tax-refunds-due-enbridge/600074050/

 

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