as introduced - 92nd Legislature (2021 - 2022) Posted on 04/26/2021 12:08pm
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:
Minnesota Statutes 2020, section 270C.11, subdivision 5, is amended to read:
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
This section is effective the day following final enactment.
new text end