1.1 A bill for an act
1.2 relating to taxation; modifying a provision governing contingent reductions in
1.3 provider taxes; amending Minnesota Statutes 2024, section 295.52, subdivision
1.4 8.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. Minnesota Statutes 2024, section 295.52, subdivision 8, is amended to read:
1.7 Subd. 8.Contingent reduction in tax rate.(a) By December 1 of each year, beginning
1.8in 2011, the commissioner of management and budget shall must determine the projected
1.9balance in the health care access fund for the biennium.
1.10 (b) If the commissioner of management and budget determines that the projected balance
1.11in the health care access fund for the biennium reflects a ratio of revenues to expenditures
1.12and transfers greater than 125 percent, and if the actual cash balance in the fund is adequate,
1.13as determined by the commissioner of management and budget, the commissioner, in
1.14consultation with the commissioner of revenue, shall must reduce the tax rates levied under
1.15subdivisions 1, 1a, 2, 3, and 4, for the subsequent calendar year sufficient to reduce the
1.16structural balance in the fund. The rate may be reduced to the extent that the projected
1.17revenues for the biennium do not exceed 125 percent of expenditures and transfers. The
1.18new rate shall be rounded to the nearest one-tenth of one percent. The rate reduction under
1.19this paragraph expires at the end of each calendar year and is subject to an annual
1.20redetermination by the commissioner of management and budget.
1.21 (c) For purposes of the analysis defined in paragraph (b), the commissioner of
1.22management and budget shall must include projected revenues.
1Section 1.
REVISOR EAP/CH 25-0486303/11/25
State of Minnesota
This Document can be made available
in alternative formats upon request
HOUSE OF REPRESENTATIVES
H. F. No. 2466
NINETY-FOURTH SESSION
Authored by Backer03/17/2025
The bill was read for the first time and referred to the Committee on Health Finance and Policy