BUT I EXPECT THERE'S A REAL ISSUE HERE AND HOPEFULLY WE WILL GET ON TOP OF IT. >> Barry: VERY SPECIFIC QUESTION FROM A VIEWER THAT PAYS ATTENTION TO TAX ISSUES. THE LAWYER ON THE PANEL IS GOING TO ASK THE LAWYER ON THE PANEL THIS QUESTION. THE MINNESOTA STATE BAR ASSOCIATION HAS PROPOSED LEGISLATION THAT WOULD ELIMINATE THE STATE E TAX ON AGRICULTURE LANE. IF VIEWERS ARE WONDERING WHAT ON EARTH IS THIS ALL ABOUT, I'M NOT GOING TO GO INTO DISCUSSION ABOUT IT. I'M DECADES REMOVED FROM DOING THIS KIND OF WORK. BUT IF YOU ARE DOING ESTATE PLANNING, FARM EXPANSION PLANNING, EXCHANGES OF AGRICULTURAL HAPPENED BUT NO CASH NECESSARILY CHANGING HANDS, THE ARGUMENT IS PERHAPS WE SHOULD ELIMINATE THE STATE D TAX. I'M JUST GOING TO ASK SENATOR FRENTZ, DO YOU KNOW ANYTHING ABOUT THIS ISSUE? HAS THAT POPPED UP ON THE RADAR SCREEN AT ALL? >> I HAVE HEARD ABOUT IT. I WOULD BE FINE WITH IT. WITH ALL TAX CUTS, IT CARRIES A FISCAL NOTE. TAX CUTS ARE SPENDING. THERE'S A LOT OF PROPOSALS TO CUT TAXES. I THINK THAT WOULD BE A GOOD THING TO THAT EXTENT. I THINK THE FEES ARE THERE THAT I LIKE, AND WE WOULD LIKE TO KEEP AS MANY FARMERS ON THE LAND AS WE CAN, AND WE HAVE WAYS TO MAKE THAT EASIER, NOT HARDER. ALSO IN FAVOR OF THE BEGINNING FARMER TAX CREDIT STUFF. WE WORKED ON THAT THIS WEEK, AS A MATTER OF FACT. WE ARE NOT MAKING ANYMORE PRIME FARMLAND. I KIND OF LIKE THOSE THINGS. HAVING SAID THAT, THERE ARE PLENTY OF MINNESOTANS THAT ARE NOT FARMERS. IF YOU SAID IT HAD A $5 MILLION FISCAL NOTE, THERE ARE OTHER MINNESOTANS THAT WOULD SAY NO, LET'S USE THE 5 MILLION FOR OTHER TAX RELIEF. WHO IS TO SAY? I WOULD BE SUPPORTIVE OF THAT. I HAVEN'T HEARD THAT MUCH IN MY DISTRICT. MORE TAX COMMITTEE GOSSIP. >> Barry: REPRESENTATIVE SWEDZINSKI, ANY THOUGHTS ON THAT? >> I AGREE WITH SENATOR FRENTZ ON THAT. WHATEVER YOU ARE TRANSFERRING, THE CALLER MAY BE TALKING POTENTIALLY IN THE AREAS OF A 231 EXCHANGE WHERE THEY ARE POTENTIALLY MOVING GROUND AND RETRACTING IT. SOME OF THOSE TAXES ARE DIRECT COSTS, RECAPTURE AND ACTUAL TIME IT TAKES FOR SOMEONE TO GO IN AN OFFICE AND TYPE. I THINK THEY ARE THINKING ON SOMETHING ELSE. GENERALLY IN FAVOR OF TAX RELIEF AND WE WILL HAVE TO TAKE A LOOK AT THE POLICY, NOT SUPER FAMILIAR WITH IT, THOUGH. >> Barry: SENATOR MATTHEWS. >> THANK YOU. ALSO, IT IS PRETTY FAR IN THE WEEDS. I HAVE NOT EVER SERVED ON THE TAX COMMITTEE. BUT JUST IN GENERAL, I LOVE TAX RELIEF, PUTTING MORE MONEY IN MINNESOTA'S POCKETS. WE COULD DO MORE OF THAT. THAT'S WHY WE ARE SITTING ON $18 BILLION RIGHT NOW THAT SHOULD BE IN YOUR POCKETS. BUT THE GOVERNMENT IS SITTING ON TOP IT. WE ARE TRYING TO URGE THE DFL TO HELP US PUT MORE MONEY IN YOUR POCKETS. THERE ARE SO MANY TAXABLE EXCHANGES THAT WE COME ACROSS IN STATE LAW WHERE I JUST SIT THERE AND GO REALLY? WE TAX THAT, TOO? IF IT'S TRADING ONE LANT FOR ANOTHER, COUNT UP SOME VALUE EACH THOUGH THERE'S NO ACTUAL MONEY GOING BACK AND FORTH, AND WE TAX SOME ARBITRARY NUMBER WE PULLED UP? THAT MAKES NO SENSE. THAT ONE, FROM THE SOWNT OF IT SEEMS PRETTY CLEAR CUT, AND I THINK IT WOULD BE A GOOD THING. >> LATE GARRY WAS A PARTNER OF MINE ON TAX AND PROBATE ISSUES AND TRIED TO EXPLAIN SOME OF THE TAX PROVISIONS, BOTH FEDERAL AND STATE, AND THE FLOW CHART THAT HE HANDED ME TO EXPLAIN IT TO ME RAN TO ABOUT FOUR PAGES. I TOLD HIM I WAS A TRIAL LAWYER, NOT TAX LAWYER. THAT WAS THE END OF THE CONVERSATION. IT COMPLICATED THE TOPIC AND I APPRECIATE THE CANDOR WITH WHICH