1.1 	A bill for an act
1.2 	relating to state government; requiring the commissioner of management and 
1.3 	budget  to study the economic impact of tariffs on Minnesota households and 
1.4 	businesses.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. TARIFF IMPACT STUDY, REPORT, AND PLAN REQUIRED.
 1.7 	(a) The commissioner of management and budget must study the economic impact of 
1.8 	tariffs on Minnesota households and businesses. The study must:
1.9 	(1) examine tariffs imposed by the United States government and any retaliatory tariffs 
1.10 	imposed by other countries;
1.11 	(2) analyze the impact of economic uncertainty caused by frequent tariff changes; and
1.12 	(3) quantify economic impacts for households by income level and for businesses by 
1.13 	sector and size including but not limited to agriculture, manufacturing, and small businesses.
1.14 	(b) By February 1, 2026, the commissioner must submit a report that includes a plan to 
1.15 	reduce tariff impacts on Minnesota households and businesses to the chairs and ranking 
1.16 	minority members of the legislative committees with jurisdiction over state government 
1.17 	finance, the Committee on Ways and Means in the house, and the Committee on Finance 
1.18 	in the senate. The commissioner must bear any costs incurred under this section within the 
1.19 	amounts appropriated to the commissioner under Laws 2025, chapter 39, article 1, section 
1.20 	13.