New opportunities for the MNCPA and our members
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MNCPA
MINNESOTA SOCIETY of
CERTIFIED PUBLIC ACCOUNTANTS
Legislative Digest
JAN. 3, 2019

New legislators mean one thing

Forty new legislators will be sworn into office when the 2019 legislative session begins Tuesday. That's nearly 20 percent of the Legislature.

Imagine if 20 percent of your staff turned over and all your new employees started on the same day. Imagine the time required to introduce them to staff and clients, as well as to train them on industry standards and internal processes. It could take months (or years) to get your organization back to full productivity.

The Legislature's operations are similar to running a business -- except their timeline for getting things done is extremely accelerated. The first month of session will be spent in committee hearings learning about the various executive departments (the Department of Revenue, Department of Transportation and the Department of Health & Human Services, just to name a few) and their jurisdictions in state government. New legislators also have a crash course on who's who, where to go for questions and information, and the standard "how a bill becomes a law" overview. And don't forget, the Minnesota Constitution requires the Legislature to adjourn no later than the first Monday after the third Saturday in May. There's little time to waste!

New legislators rely on experts to help them better understand the issues they will face during session. One of those issues is tax conformity. For CPAs, federal tax conformity (or lack thereof) is a huge issue causing uncertainty, frustration and concern for you, your business and your clients. But, for new legislators, this issue may not be top of mind. At a recent Minnesota Chamber of Commerce luncheon, nearly 20 legislators and legislators-elect spoke about the issues they're looking forward to working on this coming year. Not a single new legislator brought up nonconformity.

Legislators, particularly new ones, need to understand how Minnesota's current tax structure affects their constituents. What better way to learn about this complex issue than a firsthand account? This is where you help. No one is better situated to provide advice than CPAs -- the trusted advisers for hundreds of thousands of Minnesota taxpayers.

Find your legislators

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2019 MNCPA legislative agenda set

The 2019 legislative agenda includes four new items and four that carry over from 2018. These offer many opportunities to help legislators understand the profession's positions.

The 2019 agenda includes:

  • Support federal conformity and simplification of the tax code.
  • Oppose a tax on professional services, including accounting services.
  • Support updates to the taxpayer bill of rights, including the creation of a private letter ruling program.
  • Support tort reform, including adjustments to pre- and post-judgment interest rates.
  • Support Board of Accountancy legislation to create a retired CPA classification.
  • Oppose occupational licensing legislation that would adversely affect CPA mobility.
  • Support aligning Minnesota's partnership audit rules with the federal partnership audit rules.
  • Support legislation to create municipal government audit review procedures for state regulators.

Find the entire agenda here

CPA Day at the Capitol
Feb. 5, 2019 | 8 a.m. noon | 3 CPE, technical | Free, members only

Help the MNCPA secure a seat at the table with key decision-makers when you attend CPA Day at the Capitol.

Members from across Minnesota gather for this powerful event designed to educate legislators on issues impacting the CPA profession. It's important that lawmakers fully understand the issues that are important to you and how they affect the Minnesota business community.

Learn more
CPA Day at the Capitol
You have the power to make a difference
The MNCPA works continuously to strengthen existing relationships with legislators and elect those who support the CPA profession. PAC donations help make this possible. Make a contribution and help increase the power of the PAC. Every dollar counts!
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Geno Fragnito Your Lobbyist
Geno Fragnito
Geno Fragnito, director of government relations, is the MNCPA's registered lobbyist working full time on behalf of the membership. For more information or to get involved, contact Geno at 952-885-5550 or gfragnito@mncpa.org.
Minnesota Society of Certified Public Accountants
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