Subd. 5.

Revenue estimates; legislative bills.

Upon reasonable notice from the chair
of deleted text beginthe house of representatives or senate taxdeleted text endnew text begin a legislativenew text end committeenew text begin with jurisdiction over
taxes or transportation financenew text end that a bill is scheduled for hearing, the commissioner shall
prepare an estimate of the effect on the state's tax revenues which would result from the
passage of a legislative bill establishing, extending, or restricting anew text begin tax or anew text end tax expenditure.
These revenue estimates shall contain the same information as provided in subdivision 4
for expenditure items contained in the tax expenditure budget, as appropriate.