Minnesota Legislature
HF 2571
as introduced - 92nd Legislature (2021 - 2022) Posted on 04/26/2021 12:08pm
Bill Text Versions
| Engrossments | ||
|---|---|---|
| Introduction | Posted on 04/26/2021 |
Current Version - as introduced
1.7 1.8 1.9 1.10 1.11 1.12 1.13 1.14
1.15
A bill for an act
relating to taxation; modifying allowed requests for revenue estimates from the
commissioner of revenue regarding legislative bills establishing, extending, or
restricting a tax or tax expenditure; amending Minnesota Statutes 2020, section
270C.11, subdivision 5.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
Minnesota Statutes 2020, section 270C.11, subdivision 5, is amended to read:
Subd. 5.
Revenue estimates; legislative bills.
Upon reasonable notice from the chair
of deleted text begin the house of representatives or senate taxdeleted text end new text begin a legislativenew text end committeenew text begin with jurisdiction over
taxes or transportation financenew text end 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 anew text begin tax or anew text end 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 EFFECTIVE DATE. new text end
new text begin
This section is effective the day following final enactment.
new text end