Bill > SF783

This bill establishes a new private letter ruling (PLR) program for the Minnesota Department of Revenue that will allow taxpayers to request formal guidance on how tax laws will be applied to specific transactions or situations. By January 1, 2026, the Commissioner of Revenue must create administrative rules for a program where taxpayers or their representatives can apply for a ruling that provides clarity on how tax laws would be interpreted in their specific case. The bill outlines that these rulings will be binding on the Department of Revenue if the facts presented are accurate, unchanged, and the taxpayer acts in good faith, though the rulings will not have broader precedential effect. The program will include an application process with potential fees to cover administrative costs, with a maximum fee to be determined. The Commissioner must publish redacted versions of these rulings on the department's website in a searchable format and provide biennial reports to the legislature detailing the number of applications, types of rulings, and other relevant program statistics. Importantly, the rulings will be specific to the individual taxpayer and cannot be used as a reference by other taxpayers. The program aims to provide more transparency and predictability in tax administration while protecting taxpayer-specific information.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF0783&ssn=0&y=2025