This bill establishes a Consumer Protection Restitution Account within Minnesota's special revenue fund to provide restitution to consumers harmed by unlawful acts. It amends existing statutes to redirect funds that would have previously gone to the general fund into this new account when courts determine that victims cannot be easily identified or compensated. The bill outlines the distribution process for eligible consumers and includes provisions for impractical or unreasonable payment situations. Additionally, it mandates the attorney general to publish an annual report on the account's activities and financial transactions, specifying that funds can only be used for consumer compensation and capped administrative costs.

The bill also introduces amendments related to environmental projects and tax regulations. It clarifies that supplemental environmental projects funded through settlement agreements with the Minnesota Pollution Control Agency are not considered civil penalties and should not be included in funds for community health boards. Community health boards are required to report on their fund usage within a year of receipt. Furthermore, it establishes a new definition for "consumer enforcement public compensation payments," allowing eligible consumers to deduct these amounts from taxable income, while modifying definitions of income and exemptions for tax purposes. The effective date for these tax-related changes is set for taxable years beginning after December 31, 2024.

Statutes affected:
Introduction: 8.31, 16A.151, 290.0132
1st Engrossment: 8.31, 16A.151, 290.0132, 290.0693, 290A.03
2nd Engrossment: 8.31, 16A.151, 290.0132, 290.0693, 290A.03
3rd Engrossment: 8.31, 16A.151, 290.0132, 290.0693, 290A.03
4th Engrossment: 8.31, 16A.151, 290.0132, 290.0693, 290A.03