Business Property Tax Relief Would Add To MN Deficit By Michael McIntee | February 22, 2012 LikeTweet EmailPrint More More on Economy/Jobs Subscribe to Economy/Jobs Follow this author Click photo to watch Senator Bakk call out Senator Michel for distorting Governor Dayton's Jobs Bill Click photo to watch Senator Bakk call out Senator Michel for distorting Governor Dayton's Jobs BillA proposal to give Minnesota businesses property tax relief would add $126 million to a already expected $1.3 billion state deficit says Senate Minority Leader Tom Bakk. Senator Geoff Michel (R-Edina) says the cut will create jobs and legislature will find a way to pay it. He adds that Governor Mark Dayton’s job proposal is also not paid for. Senator Bakk says that is incorrect. Governor Dayton’s jobs bill is paid for by closing tax loopholes for out of state companies. Support this story and all the stories from The Uptake. Donate.