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MN HF2466
Bill
Status
3/17/2025
Primary Sponsor
Jeff Backer
Click for details
AI Summary
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Amends Minnesota Statutes section 295.52, subdivision 8, governing contingent reductions in health care provider tax rates
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Removes the "beginning in 2011" language, making the December 1 annual determination of the health care access fund balance an ongoing requirement without reference to the start date
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Changes "shall" to "must" throughout the statute, updating language to current drafting standards without changing the substantive requirements
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Maintains the existing trigger mechanism: provider tax rates must be reduced when the health care access fund's projected revenue-to-expenditure ratio exceeds 125 percent and the cash balance is adequate
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Rate reductions continue to expire at the end of each calendar year and require annual redetermination by the commissioner of management and budget
Legislative Description
Provider taxes contingent reduction provisions modified.
Last Action
Committee report, to adopt and re-refer to Taxes
3/26/2025