MN HF507

Creates a Tax Expenditure Advisory Commission with 12 members: four legislative chairs/members and six public members appointed by the governor, including representatives from working families, nonprofits, and economic development sectors.

Requires the Commissioner of Revenue to provide annual reports before September 1 on tax expenditures scheduled to expire during the following biennium, including analysis of taxpayer impacts, economic development effects, and comparison with neighboring states.

Establishes sunset review schedule for existing tax expenditures in phases: chapters 168, 297A, 297B expire December 31, 2015; chapters 295, 296A, 297D-297I expire December 31, 2017; chapters 290, 298 expire December 31, 2019; chapters 287, 290A, 290B, 291, 298 expire December 31, 2021; and chapters 88, 270, 272, 273, 290C, 469, 473H expire December 31, 2023, with all expiring every ten years thereafter.

Requires all new or renewed tax expenditures to include a clear statement of purposes and measurable goals, plus an expiration date not exceeding 12 years that aligns with other tax expenditures in the same tax area.

Directs the Commission to conduct public hearings, review tax expenditures before February 1 of each legislative session, and report recommendations for continuation or repeal to the legislature's tax committees.