Bill > HF2466

This bill modifies provisions related to provider taxes in Minnesota, specifically addressing how tax rates for healthcare providers can be adjusted based on the financial status of the health care access fund. The bill updates language about when and how the commissioner of management and budget must review the fund's projected balance. Under the proposed changes, if the fund's revenues are projected to be more than 125% of its expenditures and transfers, the commissioner must, in consultation with the revenue commissioner, reduce tax rates for specific provider categories to help balance the fund. The tax rate reductions would be calculated to bring the projected revenues closer to 125% of expenditures, rounded to the nearest one-tenth of a percent, and would be subject to annual review. The bill also replaces the word "shall" with "must" throughout the statute, which is a technical change that emphasizes the mandatory nature of these actions. The modifications provide a more flexible mechanism for adjusting provider tax rates to maintain the financial stability of the health care access fund.

Budget and Finance, Health and Social Services

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF2466&ssn=0&y=2025