This bill establishes the Minnesota Civic Fund program and repeals the existing political contribution refund program. It amends various sections of Minnesota Statutes to include definitions, rules for contributions, and reporting requirements related to the new civic fund. A significant feature of the bill is the introduction of Minnesota Civic Fund credits, which individuals can receive and assign to qualified candidates or political parties. The bill also outlines the process for automatic and optional participation in the program, including necessary notifications and assignments related to these credits. Key amendments include prohibiting anonymous contributions exceeding $20 and requiring political entities to disclose the aggregate value of all Minnesota Civic Fund credits redeemed during reporting periods.

Additionally, the bill specifies that candidates and political parties must stop issuing refund receipt forms after December 31, 2027, and introduces penalties for violations of the new civic fund regulations. It establishes that civic fund credits have no cash value and cannot be assigned or transferred for cash or other considerations, with specific qualifications for candidates and political parties to redeem these credits. The bill also mandates a public education campaign to raise awareness, particularly in lower-income communities, and includes a one-time appropriation for fiscal year 2026 to support these initiatives. The overall act is set to take effect on January 1, 2026, with certain provisions related to the repeal of political contribution refunds effective January 1, 2028.

Statutes affected:
Introduction: 10A.01, 10A.02, 10A.15, 10A.20, 10A.322, 10A.34, 289A.37, 289A.50, 290.01, 290.06