Minnesota SF5032 establishes a tax on individuals and organizations convicted of and benefiting from fraud.

Minnesota SF5032 creates a tax on individuals and organizations convicted of and benefiting from fraud. The tax is equal to 100 percent of the amount obtained by fraud. It applies to those convicted by a state or federal court, those determined by the commissioner to be obtained by fraud, and those receiving compensation for participating in fraudulent activities. The tax applies regardless of any restitution or penalty imposed. The commissioner must establish the schedule for payment and means of enforcement, and the money collected from the tax must be deposited to the tax relief account.

Minnesota SF5032 establishes a tax on individuals and organizations convicted of and benefiting from fraud.

Minnesota SF5032 creates a tax on individuals and organizations convicted of and benefiting from fraud. The tax is equal to 100 percent of the amount obtained by fraud. It applies to those convicted by a state or federal court, those determined by the commissioner to be obtained by fraud, and those receiving compensation for participating in fraudulent activities. The tax applies regardless of any restitution or penalty imposed. The commissioner must establish the schedule for payment and means of enforcement, and the money collected from the tax must be deposited to the tax relief account.