Lawmakers attempt to strike business friendly balance

With the state facing a budget crunch for the first time in several years, lawmakers are trying to strike the right balance between thorough review of tax incentives while maintaining a business friendly climate.

“We’re winning some, and we’re losing some,” said Andy Peterson, president of the Greater North Dakota Chamber of Commerce, of bills relating to business this session.

Items in the win column include a top legislative priority of not raising taxes. One loss for the group was the elimination of a tax credit for manufacturing machinery purchases and equipment for automated manufacturing processes.

“The Legislature has been very friendly toward us,” Peterson said.

Read more: http://bismarcktribune.com/news/local/govt-and-politics/lawmakers-attempt-to-strike-business-friendly-balance/article_ca3cbe37-47c8-5289-93a1-7a0f6595c4ab.html