Bill > SF3390

This bill appropriates $10 million in fiscal year 2026 to the Minnesota Department of Revenue for an expanded corporate tax compliance initiative, with funding available until July 1, 2029. The initiative aims to improve tax enforcement and collection activities specifically targeting larger corporations that have annual Minnesota sales or gross receipts of $25 million or more. The program will focus on identifying and collecting tax liabilities from corporations that may not be accurately reporting their taxable income, calculating credits, or paying all taxes owed. The bill explicitly stipulates that these funds must supplement, rather than replace, existing revenue enforcement resources. By targeting larger corporations, the initiative seeks to increase tax compliance and potentially recover unpaid or underreported tax revenues, which could help the state generate additional funding for public services and programs.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF3390&ssn=0&y=2025