Tax Expenditure Review Commission requirements modified, and legislative requirements for new or renewed tax expenditures repealed.
Impact
One of the central provisions of HF1106 is the repeal of existing legislative requirements for new or renewed tax expenditures. With this change, it seeks to simplify the process while ensuring that a clear purpose and measurable goals are established for tax expenditures moving forward. The bill mandates that all tax expenditures will undergo a comprehensive review at least once every ten years, allowing legislative bodies to reassess their impacts in the context of the state's broader fiscal environment.
Summary
House File 1106 (HF1106) is a bill aimed at reforming the tax expenditure review process within Minnesota. Primarily, it seeks to modify the requirements for the Tax Expenditure Review Commission by implementing a more streamlined approach towards evaluating existing tax expenditures. This focuses on improving accountability and transparency by ensuring that tax policies are regularly reviewed and assessed for their effectiveness in achieving intended fiscal objectives.
Contention
While the bill aims to enhance the efficiency of tax expenditure assessments, it has not been without controversy. Opponents of the bill argue that repealing prior requirements may reduce the rigor of scrutiny applied to new tax expenditures, potentially leading to fiscal irresponsibility. Critics express concern that absent strict legislative oversight, there may be an increase in tax expenditures that do not yield significant economic benefits, resulting in missed opportunities for revenue restoration or reallocation.
Notable_points
Another notable aspect of HF1106 is its focus on the long-term review of tax expenditures, which includes components that require public hearings to discuss the effectiveness of these financial provisions. This provision is aimed at engaging the public and stakeholders in discussions about fiscal policies, thereby fostering transparency in the decision-making process. Overall, HF1106 represents a shift towards a more systematic and potentially less burdensome approach to the state's review of tax expenditures, albeit with raised questions about accountability.
Accountable health care entities receiving eligible state expenditures accounting procedures requirements, State auditor to examine records of accountable health care entities authorization, Minnesota Commission for Equitable Health Care Services, providing appointments, and appropriations
Appointment authority modified for members of legislative audit commission and party affiliation clarified for chair and vice-chair of commission, and requirements for complying with audit by Office of Legislative Auditor modified.
Prior authorization and coverage of health services requirements modification; ground for disciplinary action against physicians modification; commissioner of commerce and legislature report requirements; classifying data
Small donor political committees and funds regulated, small donor state match program established, candidate expenditures exempted from aggregate expenditure limits, campaign public subsidy program repealed, and money transferred.
Small donor political committees and funds regulated, small donor state match program established, candidate expenditures exempted from aggregate expenditure limits, campaign public subsidy program repealed, and money transferred.