MN SF2478

Proposes a constitutional amendment to add Section 9 to Article X of the Minnesota Constitution, creating a "Minnesota tax relief account" in the state treasury

Requires depositing into the account any projected general fund revenues exceeding 105% of projected expenditures, based on the last biennial budget forecast

Mandates the legislature appropriate account funds each biennium for tax refunds, rebates, or to offset costs of tax reductions

Refunds or rebates from the account would not be taxable under Minnesota state law

Places the proposed amendment on the ballot at the 2026 general election for voter approval