Minnesota HF3041 mandates the Legislative Budget Office to prepare business impact notes for proposed legislation.

Minnesota HF3041 requires the Legislative Budget Office to prepare a business impact note for any bill upon request from the chair or ranking minority member of a committee. The note must estimate the financial and regulatory impact on businesses, including any changes in labor costs, fees, or regulatory burdens. It must also indicate whether the bill increases or decreases the regulatory burden and whether the change is high, medium, or low. The note must clearly state all assumptions and supporting data used in the estimate.

Minnesota HF3041 mandates the Legislative Budget Office to prepare business impact notes for proposed legislation.

Minnesota HF3041 requires the Legislative Budget Office to prepare a business impact note for any bill upon request from the chair or ranking minority member of a committee. The note must estimate the financial and regulatory impact on businesses, including any changes in labor costs, fees, or regulatory burdens. It must also indicate whether the bill increases or decreases the regulatory burden and whether the change is high, medium, or low. The note must clearly state all assumptions and supporting data used in the estimate.