Article: Metro lawmaker's bill offers ways to pare deficit; Her plan would repeal most corporate tax breaks, yet cut their tax rate. But Pawlenty isn't keen on it.(NEWS)

Byline: KEVIN DUCHSCHERE; STAFF WRITER

Rep. Ann Lenczewski rolled out a tough strategy Wednesday for helping close the state's nearly $1 billion projected budget deficit, bringing a bill before the House tax committee she chairs that would raise millions in revenue by repealing virtually all corporate tax breaks.

Under the bill from Lenczewski, DFL-Bloomington, that would mean no more state tax deductions for foreign operating corporations or foreign royalties, no more tax incentives for research and development work, and no more JOBZ -- the five-year-old program that uses tax-free zones to encourage business development and has been a favorite of Gov. Tim Pawlenty's. ...

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