1.1 	A bill for an act
1.2 	relating to taxation; modifying a provision governing contingent reductions in 
1.3 	provider taxes;amending Minnesota Statutes 2024, section 295.52, subdivision 
1.4 	8.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. Minnesota Statutes 2024, section 295.52, subdivision 8, is amended to read:
1.7 		Subd. 8.Contingent reduction in tax rate. (a) By December 1 of each year, beginning 
1.8 	in 2011, the commissioner of management and budget shall must determine the projected 
1.9 	balance in the health care access fund for the biennium.
1.10 	(b) If the commissioner of management and budget determines that the projected balance 
1.11 	in the health care access fund for the biennium reflects a ratio of revenues to expenditures 
1.12 	and transfers greater than 125 percent, and if the actual cash balance in the fund is adequate, 
1.13 	as determined by the commissioner of management and budget, the commissioner, in 
1.14 	consultation with the commissioner of revenue, shall must reduce the tax rates levied under 
1.15 	subdivisions 1, 1a, 2, 3, and 4, for the subsequent calendar year sufficient to reduce the 
1.16 	structural balance in the fund. The rate may be reduced to the extent that the projected 
1.17 	revenues for the biennium do not exceed 125 percent of expenditures and transfers. The 
1.18 	new rate shall be rounded to the nearest one-tenth of one percent. The rate reduction under 
1.19 	this paragraph expires at the end of each calendar year and is subject to an annual 
1.20 	redetermination by the commissioner of management and budget.
1.21 	(c) For purposes of the analysis defined in paragraph (b), the commissioner of 
1.22 	management and budget shall must include projected revenues.