Bill > HF1106

This bill modifies the requirements and operations of the Tax Expenditure Review Commission (TERC), a legislative body responsible for reviewing and evaluating tax expenditures in Minnesota. The bill makes several key changes, including clarifying definitions, adjusting commission membership, and modifying review procedures. Specifically, the bill changes terminology from "purpose" to "objective" when discussing tax expenditures, allows the commissioner of revenue more flexibility in designating representation, and adjusts reporting deadlines from December to February. The bill also modifies the commission's review process, requiring a comprehensive review of each tax expenditure at least once every ten years, with the ability to review expenditures affecting similar policy areas together. Additionally, the bill repeals a previous requirement (section 3.192) that mandated bills creating tax expenditures to include specific statements of intent and expiration dates. These changes aim to streamline the tax expenditure review process and provide more flexibility in how tax expenditures are evaluated and reported. The bill will take effect the day following its final enactment.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF1106&ssn=0&y=2025