This bill modifies the requirements for the Tax Expenditure Review Commission in Minnesota, amending several sections of the Minnesota Statutes and repealing section 3.192, which previously mandated specific legislative requirements for new or renewed tax expenditures. Key amendments include changes to the definitions and duties of the commission, such as replacing the term "purpose" with "objective" in various contexts, and establishing a more structured review process for tax expenditures. The commission is now required to hold public hearings and submit reports detailing their findings, including estimates of revenue lost and the effectiveness of tax expenditures.

Additionally, the bill allows the commissioner of revenue to designate a representative for commission meetings and clarifies the terms of commission members. It also specifies that the commission must review tax expenditures on a regular basis, ensuring that each is evaluated at least once every ten years. The repeal of section 3.192 eliminates the requirement for a statement of intent regarding the purpose of tax expenditures, streamlining the legislative process for tax-related measures. Overall, the bill aims to enhance the efficiency and effectiveness of tax expenditure reviews in Minnesota.

Statutes affected:
Introduction: 3.8855, 270C.11, 3.192