Minnesota HF4754 establishes a taxpayer refund account for undesignated money recovered by the state, mandates annual distribution, and requires.

Minnesota HF4754 creates a taxpayer refund account in the state treasury for undesignated money returned to the state through restitution or recovery. This includes funds from nondesignated civil judgments, fraud recovery actions, overpayment recovery actions, administrative fines, reimbursements, and criminal restitution. The commissioner of management and budget administers the account, which includes interest earned. Funds are annually appropriated for taxpayer refunds. The commissioner must collaborate with the revenue commissioner to determine eligible taxpayers.

Minnesota HF4754 establishes a taxpayer refund account for undesignated money recovered by the state, mandates annual distribution, and requires.

Minnesota HF4754 creates a taxpayer refund account in the state treasury for undesignated money returned to the state through restitution or recovery. This includes funds from nondesignated civil judgments, fraud recovery actions, overpayment recovery actions, administrative fines, reimbursements, and criminal restitution. The commissioner of management and budget administers the account, which includes interest earned. Funds are annually appropriated for taxpayer refunds. The commissioner must collaborate with the revenue commissioner to determine eligible taxpayers.