Bill > SF1697

This bill creates a new provision allowing small employers (those with 100 or fewer employees) to request annual refunds of special assessments they've paid into the workforce development fund, with specific conditions for using those refunds. The refunded money must be used exclusively for employee training that helps current entry-level workers improve their skills, increase their salary, or advance their careers, and can only be used to train employees in Minnesota. Employers must use the refunds to provide training that directly benefits their workforce's professional development. The bill also requires the commissioner to submit an annual report by January 15th to legislative committees, detailing the workforce development fund's balance, total special assessments collected, and total refunds issued to employers in the previous calendar year. This provision will become effective on July 1, 2025, and is designed to provide financial support and incentives for small employers to invest in their employees' skill development and career growth.

Labor and Employment

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF1697&ssn=0&y=2025