MN HF4426

Amends Minnesota Statutes section 295.52, subdivision 8, to require the commissioner of management and budget to include projected MinnesotaCare provider tax revenues in the contingent tax rate reduction analysis, notwithstanding the scheduled repeal of the tax on January 1, 2020.

Requires the commissioner to determine by December 1 of each year whether the health care access fund's projected revenue-to-expenditure ratio exceeds 125 percent, and if so, reduce tax rates under subdivisions 1, 1a, 2, 3, and 4, rounded to the nearest one-tenth of one percent.

Repeals Laws 2011, First Special Session chapter 9, article 6, section 97, subdivision 6, which had originally scheduled the repeal of MinnesotaCare provider taxes effective for gross revenues received after December 31, 2019.

Both amendments take effect the day following final enactment.