Minnesota Senate Bill SF5347

Minnesota 2023-2024 Regular Session

• Introduced: 4/8/24
• Refer: 4/8/24

Caption

Taxpayer assistance and outreach grants made by the Department of Revenue requirement; appropriating money

Impact

The impact of SF5347 is significant as it aims to enhance the accessibility of tax benefits for vulnerable populations. By appropriating $1 million for outreach grants and an additional $750,000 for taxpayer assistance grants in fiscal year 2025, the bill emphasizes the importance of ensuring that all eligible taxpayers, particularly those in disadvantaged circumstances, are informed about and can access tax credits. This approach is seen as a proactive measure to alleviate the financial burden on low-income families and seniors, potentially improving their financial situations.

Summary

SF5347 focuses on improving taxpayer assistance by requiring the Minnesota Department of Revenue to provide grants for organizations that help low-income, elderly, and disadvantaged residents. The bill mandates the commissioner to annually allocate grants to eligible organizations that coordinate taxpayer assistance services and outreach efforts aimed at increasing participation in tax credits. This initiative is especially targeted at demographics that historically have had low utilization rates of available tax programs, which is essential for ensuring equitable tax benefit distribution amongst the state's residents.

Contention

Notable points of contention surrounding SF5347 could arise from discussions on the allocation of state funds and the effectiveness of outreach strategies. Some legislators may question whether the funding levels are sufficient to make a tangible impact on participation rates among targeted communities. Others may highlight concerns regarding the reliance on volunteer organizations to provide these critical services, raising questions about the capacity and sustainability of such initiatives. Additionally, there could be debates on the necessity of government intervention in promoting tax credit utilization versus individual responsibility in tax planning.