Minnesota SF2129 imposes a 50% gross revenues tax on entities manufacturing and selling products containing PFAS, establishes a cleanup account, and.

Minnesota SF2129 imposes a 50% gross revenues tax on entities manufacturing and selling products containing PFAS in the state. This tax applies to both manufacturers and retailers with a nexus in Minnesota. The bill establishes a cleanup account in the special revenue fund to manage funds raised from the tax, which will be used for environmental cleanup purposes. An advisory commission is created to recommend the proper use of funds in the cleanup account to the State Board of Investment.

Minnesota SF2129 imposes a 50% gross revenues tax on entities manufacturing and selling products containing PFAS, establishes a cleanup account, and.

Minnesota SF2129 imposes a 50% gross revenues tax on entities manufacturing and selling products containing PFAS in the state. This tax applies to both manufacturers and retailers with a nexus in Minnesota. The bill establishes a cleanup account in the special revenue fund to manage funds raised from the tax, which will be used for environmental cleanup purposes. An advisory commission is created to recommend the proper use of funds in the cleanup account to the State Board of Investment.