1.1 A bill for an act
1.2 relating to taxation; proposing an amendment to the Minnesota Constitution by
1.3 adding a section to article X; requiring that a portion of a projected budget surplus
1.4 be returned to state taxpayers.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. CONSTITUTIONAL AMENDMENT PROPOSED.
1.7 An amendment to the Minnesota Constitution is proposed to the people. If the amendment
1.8is adopted, a section shall be added to article X, to read:
1.9 Sec. 9. The Minnesota tax relief account is established in the state treasury. Money in
1.10the account shall be appropriated in each biennium by law for the purposes of returning
1.11excess tax collections to the taxpayers of this state through refunds or rebates, which shall
1.12not be taxable under the laws of this state, or to offset the cost to the state general fund for
1.13tax reductions. The account shall be funded by depositing in the account the amount of
1.14projected revenues in the general fund that exceeds 105 percent of projected expenditures,
1.15as determined in the last biennial budget forecast for the general fund in the most recently
1.16completed calendar year.
1.17 Sec. 2. SUBMISSION TO VOTERS.
1.18 The proposed amendment must be submitted to the people at the 2026 general election.
1.19The question submitted must be:
1.20 "Shall the Minnesota Constitution be amended to create a Minnesota tax relief account
1.21funded by the amount of projected revenues that exceed 105 percent of expenditures, that
1.22the legislature must use to refund or reduce state taxes?
1Sec. 2.
REVISOR EAP/VJ 25-0211801/13/25
State of Minnesota
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in alternative formats upon request
HOUSE OF REPRESENTATIVES
H. F. No. 4
NINETY-FOURTH SESSION
Authored by Johnson, W.; Davids; Demuth; Niska; Hudson and others01/16/2025
The bill was read for the first time and referred to the Committee on Taxes 2.1 Yes ...................
"2.2 No ....................
2Sec. 2.
REVISOR EAP/VJ 25-0211801/13/25