MN HF3041

Requires the Legislative Budget Office to prepare business impact notes for any bill upon request of a committee chair or ranking minority member

Defines "business" as for-profit or nonprofit entities with fewer than 100 total employees, including individuals, partnerships, corporations, joint ventures, associations, and cooperatives

Impact notes must estimate total financial effects (expenditures, savings, revenue impacts, labor costs) and assess regulatory burden changes across nine categories including licensing, fees, training, inspections, and background checks

Notes must rate regulatory burden changes as high, medium, or low, and may suggest less costly or burdensome alternative methods to achieve a bill's purpose

Appropriates an unspecified amount from the general fund in fiscal year 2026 to the Legislative Coordinating Commission to implement these requirements