Bill > SF45

This bill modifies requirements for the Tax Expenditure Review Commission (TERC), a legislative body responsible for reviewing tax expenditures in Minnesota. The bill makes several key changes: it clarifies definitions by explicitly defining the "commissioner" as the commissioner of revenue, adjusts the commission's membership to allow more flexibility in representation, and modifies the commission's duties and review process. The bill changes the timing of public hearings and report submissions from December to February, and shifts language from discussing the "purpose" of tax expenditures to their "objective". Importantly, the bill repeals section 3.192, which previously required bills creating tax expenditures to include a clear statement of purpose and an automatic expiration date. The changes aim to streamline the tax expenditure review process, providing the commission with more flexibility in assessing and reporting on various tax expenditures. The bill affects how tax breaks and exemptions are evaluated, with provisions allowing the commission to skip certain review components if data or resources are limited, and establishing a requirement to review each tax expenditure at least once every ten years. All sections of the bill become effective the day following final enactment.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF0045&ssn=0&y=2025