Minnesota SF5044 mandates that undesignated money recovered by the state be deposited into a taxpayer refund account.

Minnesota SF5044 establishes a taxpayer refund account for undesignated money recovered by the state, including civil judgments, fraud recovery, overpayment recovery, and criminal restitution. State agencies must transfer these funds to the commissioner of management and budget within 60 days. The commissioner will then determine the balance of the account and issue refunds to eligible taxpayers within 120 days of the legislative session's adjournment. The account's interest earnings are credited back into the account, and the money is nonlapsing, only used for issuing taxpayer refunds.

Minnesota SF5044 mandates that undesignated money recovered by the state be deposited into a taxpayer refund account.

Minnesota SF5044 establishes a taxpayer refund account for undesignated money recovered by the state, including civil judgments, fraud recovery, overpayment recovery, and criminal restitution. State agencies must transfer these funds to the commissioner of management and budget within 60 days. The commissioner will then determine the balance of the account and issue refunds to eligible taxpayers within 120 days of the legislative session's adjournment. The account's interest earnings are credited back into the account, and the money is nonlapsing, only used for issuing taxpayer refunds.