MN SF3838

Allocates at least 90 percent of appropriated funds among utilities as bill credits for residential and small business customers consuming 1,500 therms per month or less, with credits applied to bills by September 1, 2022.

Provides up to $35,000,000 in fiscal year 2023 for rebates to nonprofit municipal utilities that used reserve funds to cover natural gas costs during the February 12-17, 2021 critical period, with utilities required to disclose incremental costs to customers by July 1, 2022.

Allows individual income taxpayers a refundable tax credit equal to excess energy costs disclosed by municipal utilities, retroactively effective for taxable years between December 31, 2020 and January 1, 2022.

Allocates remaining funds not used for bill credits to propane and heating oil suppliers and administrative costs for the Commissioner of Commerce.

Appropriates additional funding from the general fund in fiscal year 2023 to address heating cost affordability, with up to $150,000 designated for administrative costs.