Minnesota HF4974 reduces homestead credit refund co-pays and authorizes a tax compliance program.

Minnesota HF4974 amends the homestead credit refund co-pays, reducing the amount claimants must pay based on their household income. The bill also authorizes the commissioner of revenue to implement a tax compliance program using advanced tax analytics and business intelligence tools to enhance tax assessment and collection. This initiative is expected to generate new general fund revenues. The bill appropriates funds for these activities, with an expected return of $20,000,000 for the biennium ending June 30, 2027, and $120,000,000 for the biennium ending June 30, 2029.

Minnesota HF4974 reduces homestead credit refund co-pays and authorizes a tax compliance program.

Minnesota HF4974 amends the homestead credit refund co-pays, reducing the amount claimants must pay based on their household income. The bill also authorizes the commissioner of revenue to implement a tax compliance program using advanced tax analytics and business intelligence tools to enhance tax assessment and collection. This initiative is expected to generate new general fund revenues. The bill appropriates funds for these activities, with an expected return of $20,000,000 for the biennium ending June 30, 2027, and $120,000,000 for the biennium ending June 30, 2029.