Refunds of taxes paid for qualifying individuals provision
Impact
If enacted, SF954 would add a new provision under Minnesota Statutes, chapter 297A, specifically dealing with sales and use taxes. It is set to create a financial relief mechanism for a particularly vulnerable group of citizens who may already face significant economic burdens due to their medical conditions. The act would allow qualifying individuals to claim refunds for sales taxes paid in the previous calendar year, potentially providing them with some financial respite during challenging times.
Details
The bill requires that applications for these tax refunds must be submitted once a year, and it places the responsibility on the commissioner to establish the necessary process for applicants. Additionally, it is specified that the amounts required for disbursement of these refunds will be annually appropriated to the commissioner, thus ensuring that there is a structured approach in place to manage this new provision effectively.
Summary
SF954 is a bill introduced in the Minnesota legislature aimed at providing tax refunds for qualifying individuals facing advanced stages of illness. The bill outlines specific criteria for who qualifies for such refunds, primarily targeting individuals with terminal illnesses or serious disabilities. Those eligible must have a disability determination from the U.S. Social Security Administration or state medical review team, as well as receiving financial assistance through state or federal disability programs.
Contention
While the bill is generally seen as supportive of individuals with severe health concerns, discussions surrounding its implementation may delve into aspects such as the administrative burden of processing these refunds and determining qualified applicants. There might be concerns regarding the funding required to sustain these refunds, leading to debates on budget allocations.
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.
Individual income and corporate franchise taxes, sales and use taxes, property taxes and local government aids, and other miscellaneous taxes and tax-related provisions policy and technical changes made.
Policy and technical changes made to individual income and corporate franchise taxes, sales and use taxes, property taxes and local government aids, and other miscellaneous taxes and tax-related provisions.