This bill amends Minnesota Statutes to increase the maximum refund allowed under the political contribution refund program. Specifically, it raises the maximum refund for individual taxpayers from $50 to $200. Additionally, it introduces a provision requiring the commissioner to annually adjust the contribution limits for inflation, rounded to the nearest $10, starting from the statutory year 2023. The bill also includes a retroactive effective date from January 1, 2023, applying to refunds for contributions made in that calendar year and thereafter.

Furthermore, the bill appropriates additional funds from the general fund to the state elections campaign account, replacing a previous fixed amount of $1,020,000 with a new unspecified amount. This change aims to enhance the financial resources available for political contributions and campaigns, thereby potentially increasing participation in the electoral process. The bill also maintains existing requirements for taxpayers to file claims for refunds and provides guidelines for the documentation needed to support those claims.

Statutes affected:
Introduction: 290.06
1st Engrossment: 10A.31, 290.06
1st Engrossment: 10A.31, 290.06