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MN HF904
Bill
Status
3/7/2011
Primary Sponsor
Morrie Lanning
Click for details
AI Summary
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Commissioner of Revenue authorized to issue a request for proposals for a contract to identify and collect tax revenues from taxpayers using abusive transfer pricing schemes to reduce taxable income under Minnesota Statutes chapter 290.
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Contract must be entered into by September 1, 2011 for a two-year term with performance-based compensation where the vendor is paid only after tax revenues are collected and deposited in the state general fund.
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Appropriation from the general fund to the Department of Revenue is authorized in an amount sufficient to pay the vendor.
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Effective the day following final enactment.
Legislative Description
Commissioner of revenue contract authority provided, and abusive transfer pricing schemes regulated.
Last Action
Introduction and first reading, referred to State Government Finance
3/7/2011