MN HF918

Establishes a private letter ruling program by January 1, 2018, allowing Minnesota taxpayers to request guidance on how the commissioner will apply tax law to specific transactions, with a maximum application fee of $1,000 per ruling.

Requires the commissioner to issue rulings within 90 days of completed application or refund the fee, with rulings binding on the commissioner if facts remain unchanged and the taxpayer acted in good faith.

Makes private letter rulings publicly available on the Department of Revenue website with taxpayer identifying information redacted, and requires biennial legislative reports on program usage beginning January 31, 2021.

Limits the commissioner's assessment authority for sales, corporate, and income taxes when a taxpayer's reported tax is consistent with previously disclosed practices approved by the commissioner, unless laws change or the commissioner issues written notice of a position change.

Appropriates unspecified general fund money in fiscal year 2018 to establish and administer the private letter ruling program.