HF 2113

as introduced - 87th Legislature (2011 - 2012) Posted on 02/08/2012 12:02pm

A bill for an act
relating to the legislature; modifying information provided in fiscal notes and
revenue estimates; amending Minnesota Statutes 2010, sections 3.98, subdivision
2; 270C.11, subdivision 5.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2010, section 3.98, subdivision 2, is amended to read:

Subd. 2.

Contents.

(a) The fiscal note, where possible, shall:

(1) cite the effect in dollar amounts;

(2) cite the statutory provisions affected;

(3) estimate the increase or decrease in revenues or expenditures;

(4) include the costs which may be absorbed without additional funds;

(5) include the assumptions used in determining the cost estimates; deleted text begin and
deleted text end

(6) specify any long-range implication new text begin ; and
new text end

new text begin (7) include any private sector impact that can be reasonably determined new text end .

(b) The fiscal note may comment on technical or mechanical defects in the bill but
shall express no opinions concerning the merits of the proposal.

Sec. 2.

Minnesota Statutes 2010, section 270C.11, subdivision 5, is amended to read:

Subd. 5.

Revenue estimates; legislative bills.

Upon reasonable notice from the
chair of the house of representatives or senate tax committee that a bill is scheduled for
hearing, the commissioner shall prepare an estimate of the effect on the state's tax revenues
which would result from the passage of a legislative bill establishing, extending, or
restricting a tax expenditure. These revenue estimates shall contain the same information
as provided in subdivision 4 for expenditure items contained in the tax expenditure budget,
as appropriate new text begin and where possible, shall include any private sector impact that can be
reasonably determined new text end .