as introduced - 81st Legislature (1999 - 2000) Posted on 12/15/2009 12:00am
1.1 A bill for an act 1.2 relating to taxes; amending the requirements for 1.3 revenue estimates; amending Minnesota Statutes 1998, 1.4 section 270.067, subdivision 5. 1.5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.6 Section 1. Minnesota Statutes 1998, section 270.067, 1.7 subdivision 5, is amended to read: 1.8 Subd. 5. [REVENUE ESTIMATES; LEGISLATIVE BILLS.] Upon 1.9 reasonable notice from the chair of the house or senate tax 1.10 committee that a bill is scheduled for hearing, the commissioner 1.11 of revenue shall prepare an estimate of the effect on the 1.12 state's tax revenues which would result from the passage of a 1.13 legislative bill establishing, extending, or restricting a tax 1.14 expenditure. These revenue estimates shall contain the same 1.15 information as provided in subdivision 4 for expenditure items 1.16 contained in the tax expenditure budget, as appropriate. For 1.17 purposes of this subdivision, any estimate of a tax expenditure 1.18 that is less than $200,000 annually shall be reported as a 1.19 minimal expenditure. 1.20 Sec. 2. [EFFECTIVE DATE.] 1.21 Section 1 is effective beginning with revenue estimates 1.22 made for legislative proposals after the 2000 legislative 1.23 session.