MN SF5168

Adds a new subdivision to Minnesota Statutes section 270C.33 limiting the commissioner's authority to assess additional taxes under chapters 290 (income tax) and 297A (sales and use tax)

Prohibits additional tax assessments if a taxpayer's reported tax treatment was consistent with past practices fully disclosed to and written approved by the commissioner, including through a prior audit assessing no additional liability

Requires that no material changes have been made to the statute or administrative rule on which the reporting practice was based, and the commissioner has not issued a revenue notice or written notice of a position change regarding that tax treatment

Limits the protection to issues within the scope of and specifically addressed by any prior audit of that taxable period

Takes effect for assessments made after June 30, 2024