Legislative Session number- 82

Bill Name: SF1858

Relating to taxation; modifying the automatic rebate mechanism; extending the
biennial deadline for legislative action on the rebate plan presented to the
governor by the commissioner of finance, requiring and providing for the
commissioner of revenue to pay the rebate upon failure of legislature to act by
the deadline; providing for a sales tax rebate payable in 2001 based on sales
taxes paid by individuals in 1999 using information contained in the Minnesota
tax incidence report; specifying taxpayer eligibility and prescribing the
schedules for taxpayers filing jointly or separately, providing eligibility for
certain additional state residents and nonresidents and defining income;
requiring certain commissioner of revenue rebate adjustments, prohibiting
adjustments after rebate processing; setting the maximum total rebate amount;
requiring rebates not paid by a certain date to bear interest; providing for
receipt of rebates by estates of deceased individuals after closing of the
probate estates; including the rebate under the definition of Minnesota tax law
for data disclosure purposes and in the definition of overpayment for delinquent
tax liability purposes and subjecting the rebate to revenue recapture; taxpayer
right to the rebate to expire after a certain date; granting the commissioner
certain enforcement authority relating to forged or improperly endorsed checks
and to overstated or erroneously issued rebates; authorizing the commissioner to
take whatever action necessary to pay the rebates; authorizing payment by
electronic funds transfer to certain individuals; appropriating money to the
commissioner for rebates administration purposes and to the state treasurer for
the cost of clearing sales tax rebate checks through commercial banks (ra)