Minnesota 2023-2024 Regular Session

Minnesota Senate Bill SF4661

Introduced
3/7/24  

Caption

Pollution control surcharge on certain businesses enforcement

Impact

If enacted, SF4661 will add a new layer of financial responsibility for businesses responsible for pollution control violations. This could encourage more effective compliance with environmental regulations as companies seek to avoid surcharges by rectifying violations promptly. The bill mandates the MPCA to notify businesses of any deficiencies and sets clear guidelines for remediation, thus reinforcing the administration of Minnesota's pollution control laws.

Summary

S.F. No. 4661 proposes a pollution control surcharge on certain businesses in Minnesota, specifically targeting corporations' and individuals' net pollution control income. This bill introduces a five percent surcharge on net pollution control income, which can significantly impact businesses identified as having pollution control violations by the Minnesota Pollution Control Agency (MPCA). The bill defines 'pollution control income' specifically to ensure accountability for businesses that fail to meet environmental standards.

Contention

One notable point of contention surrounding SF4661 is the potential financial burden it may impose on corporations, especially small businesses that may find it challenging to absorb the additional costs. Critics argue that while the bill aims to enhance environmental protection, it might inadvertently push some companies into financial distress, leading to job losses. Proponents counter that this surcharge incentivizes businesses to reduce pollution, ultimately benefiting public health and the environment in the long term. The debate centers on finding a balance between environmental accountability and economic viability.

Companion Bills

MN HF3583

Similar To Individual income tax and corporate franchise tax provisions modified, and pollution control surcharge imposed on certain businesses.

Previously Filed As

MN HF3583

Individual income tax and corporate franchise tax provisions modified, and pollution control surcharge imposed on certain businesses.

MN SF2288

Certain businesses pollution control surcharge provision

MN HF1635

Pollution control business surcharge imposed.

MN SF25

Certain conformity provision to federal tax provisions

MN HF3115

Individual income tax and corporate franchise tax phased out.

MN SF3301

Individual income tax and corporate tax phasing out provision

MN HF2768

Individual income taxes, corporate franchise taxes, sales and use taxes, and other various taxes and tax-related provisions modified; various policy and technical changes made; income tax credits and subtractions modified; and enforcement, return, and audit provisions modified.

MN HF1372

Various policy and technical changes made to individual income and corporate franchise taxes, fire and police state aids, tax-related data practices provisions, and other miscellaneous taxes and tax provisions.

MN HF1480

Corporate franchise and unitary taxation; unitary group expanded to foreign corporations.

MN SF783

Tax provisions modifications

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