This bill amends Minnesota Statutes 2024, section 290.06, subdivision 23, to increase the maximum refund for political contributions from $75 to $100 for individuals, and from $150 to $200 for joint filers. The bill outlines the requirements for taxpayers to claim these refunds, including the necessity of filing a specific form and providing an official refund receipt from the candidate or political party. It also specifies that no refund is allowed for contributions to candidates who do not meet certain criteria, such as signing an agreement to limit campaign expenditures.

Additionally, the bill introduces a provision allowing taxpayers who file claims electronically to use the number on the official receipt as documentation instead of the actual receipt. It also includes a new effective date, stating that the changes will apply to taxable years beginning after December 31, 2024. The bill ensures that the necessary funds for these refunds are appropriated from the general fund to the commissioner of revenue and mandates the commissioner to report on the total number and aggregate amount of refunds made for each candidate and political party.

Statutes affected:
Introduction: 290.06