This bill authorizes certain jurisdictions in Minnesota, specifically Hennepin County and cities of the first class within the metropolitan area, to impose various local taxes, including sales and use taxes, as well as income and corporate franchise taxes. The bill allows these eligible jurisdictions to impose a sales and use tax of up to one percent, which can be enacted by ordinance and is subject to existing provisions governing tax administration and enforcement. The authority to impose this tax is temporary, expiring on July 1, 2029, and can only be applied for a maximum of 36 consecutive months. Additionally, jurisdictions can impose income and corporate franchise taxes of up to one percent on taxable income, with similar temporary and administrative conditions.

The revenues generated from these taxes will be deposited into the general fund and are earmarked for specific health-related expenditures. The funds will be appropriated to the commissioner of health for payments to a designated level I trauma hospital in Minneapolis and for uncompensated care provided by private, nonprofit hospitals in the eligible jurisdictions. The bill is set to take effect on July 1, 2026, without requiring local approval.