This bill proposes the establishment of a gross revenues tax on entities that manufacture and sell products containing perfluoroalkyl and polyfluoroalkyl substances (PFAS) in Minnesota. The tax will be set at 50 percent of gross revenue for both manufacturers and retailers with a nexus in the state. Additionally, the bill mandates that those subject to the tax submit monthly informational reports to the commissioner of revenue, although no tax payment is required with these reports. The revenues generated from this tax will be deposited into the general fund, and a cleanup account will be created to fund environmental cleanup efforts across the state.

Furthermore, the bill establishes the XX Advisory Commission, which will be responsible for recommending the proper use of funds from the newly created cleanup account. The commission will consist of members appointed by legislative leaders and will be required to report annually on its recommendations. The bill outlines the structure, membership, and operational procedures of the commission, including provisions for initial appointments and the scheduling of meetings. Overall, this legislation aims to address environmental concerns related to PFAS while generating revenue for cleanup initiatives.