MN HF4354

Creates a tax credit against the provider tax (sections 295.52-295.59) for qualified nonprofit health care providers exempt under Internal Revenue Code section 501(c)(3).

Defines "reimbursement rate disparity" as the percentage point difference between a nonprofit's private insurance reimbursement rate and government insurance reimbursement rate.

Qualifies government insurance payments to include Medicaid, Veterans Affairs health plans, Minnesota senior and disability health options demonstration projects, MinnesotaCare, and other prepaid health plans under section 256B.69.

Calculates the credit by dividing reimbursement rate disparity by 100, multiplying by total gross receipts, subtracting that result from total gross receipts, multiplying by the applicable provider tax rate, then determining the tax difference.

Effective for gross revenues received after June 30, 2020.