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 creates a cleanup account in the special revenue fund, designated for environmental cleanup efforts, funded by the revenues generated from this tax. The commissioner of revenue will oversee the collection and reporting of the tax, with specific requirements for monthly informational reports from those subject to the tax.

Furthermore, the bill establishes the XX Advisory Commission, tasked with recommending the proper use of funds from the cleanup account to the State Board of Investment. The commission will consist of appointed members from both legislative chambers and will be responsible for reporting its recommendations annually. Initial appointments to the commission are required by January 15, 2026, with the first meeting to be convened by July 1, 2026, and the first report due by December 15, 2026. The bill aims to address environmental concerns related to PFAS while ensuring accountability and oversight in the management of the generated funds.