Minnesota SF3390 allocates $10 million to enhance corporate tax compliance and enforcement.

Minnesota SF3390 appropriates $10 million from the general fund for fiscal year 2026 to the commissioner of revenue. This funding aims to develop and implement an expanded corporate tax compliance initiative, available until July 1, 2029. The initiative focuses on enhancing tax compliance and enforcement activities under the corporate franchise tax, particularly targeting corporations with $25 million or more in Minnesota sales or gross receipts. The program seeks to identify and collect tax liabilities from corporations that inaccurately report taxable income or fail to pay all owed taxes.

Minnesota SF3390 allocates $10 million to enhance corporate tax compliance and enforcement.

Minnesota SF3390 appropriates $10 million from the general fund for fiscal year 2026 to the commissioner of revenue. This funding aims to develop and implement an expanded corporate tax compliance initiative, available until July 1, 2029. The initiative focuses on enhancing tax compliance and enforcement activities under the corporate franchise tax, particularly targeting corporations with $25 million or more in Minnesota sales or gross receipts. The program seeks to identify and collect tax liabilities from corporations that inaccurately report taxable income or fail to pay all owed taxes.