MN SF3008

Adds a new subdivision to Minnesota Statutes 2022, section 270C.33 that limits the commissioner of revenue's authority to assess additional taxes under individual income tax (chapter 290) and sales and use tax (chapter 297A).

Prohibits additional tax assessments if the taxpayer's reported tax treatment was consistent with past practices that were fully disclosed to and approved in writing by the commissioner, including prior audits that assessed no additional liability for that item.

Prevents assessments for subsequent taxable periods if neither the relevant statute or administrative rule has been materially changed nor the commissioner has issued a revenue notice or written notification of a change in position regarding the proper tax treatment of the income, transaction, or deduction.

Limits the application of approval-based protections in prior audits to only the specific issues within the scope of and addressed by that audit.

Effective for assessments made after June 30, 2023.