Bill > SF2987

This bill modifies existing Minnesota law regarding provider taxes and the health care access fund, primarily updating language around how tax rates might be reduced under certain financial conditions. Specifically, the bill changes the requirement for the commissioner of management and budget to determine the projected balance in the health care access fund each year, replacing the phrase "beginning in 2011" with a more open-ended requirement. If the fund's projected balance reflects a revenue-to-expenditure ratio higher than 125%, and the actual cash balance is deemed adequate, the commissioner must (replacing the previous "shall") consult with the revenue commissioner to reduce tax rates for the subsequent calendar year. The goal is to adjust tax rates to reduce the fund's structural balance, with the new rate rounded to the nearest one-tenth of a percent. The rate reduction is temporary, expiring at the end of each calendar year and subject to annual review. The bill essentially provides a mechanism to adjust provider taxes based on the financial health of the health care access fund, ensuring that tax rates can be flexibly modified to maintain an appropriate fund balance.

Health and Social Services

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF2987&ssn=0&y=2025