Minnesota HF2466 modifies the contingent reduction in provider taxes, adjusting the tax rate based on projected revenues and expenditures.

Minnesota HF2466 amends the contingent reduction in provider taxes by requiring the commissioner of management and budget to reduce tax rates if projected revenues for the biennium do not exceed 125 percent of expenditures and transfers. The reduction is subject to annual redetermination and must be rounded to the nearest one-tenth of one percent. The bill also mandates that the commissioner of management and budget include projected revenues in the analysis.

Minnesota HF2466 modifies the contingent reduction in provider taxes, adjusting the tax rate based on projected revenues and expenditures.

Minnesota HF2466 amends the contingent reduction in provider taxes by requiring the commissioner of management and budget to reduce tax rates if projected revenues for the biennium do not exceed 125 percent of expenditures and transfers. The reduction is subject to annual redetermination and must be rounded to the nearest one-tenth of one percent. The bill also mandates that the commissioner of management and budget include projected revenues in the analysis.