Minnesota SF45 modifies requirements for the Tax Expenditure Review Commission, repealing legislative requirements for new or renewed tax.
Minnesota SF45 amends the state's tax expenditure review process by modifying the requirements for the Tax Expenditure Review Commission. The bill repeals legislative requirements for new or renewed tax expenditures, removing the need for a statement of intent in bills creating or renewing such expenditures. It also removes the mandate for an expiration date for new or continuing tax expenditures, limiting them to a maximum of eight years. The commission's duties include reviewing tax expenditures, identifying their purposes, and evaluating their effectiveness.
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