MN SF783

Requires the Commissioner of Revenue to establish a private letter ruling program by January 1, 2026, allowing taxpayers to receive written guidance on how Minnesota tax law applies to their specific transactions or proposed transactions

Authorizes the commissioner to charge fees based on complexity of requests, with application fees refunded if rulings are not issued within 90 days of a completed application

Rulings are binding on the commissioner only for the specific taxpayer who requested them, provided the taxpayer acted in good faith and did not misstate or omit material facts

Requires all private letter rulings to be published on the Department of Revenue website in a searchable format, organized by tax type, with taxpayer-identifying information redacted

Mandates biennial legislative reports beginning January 31, 2028, detailing the number of applications, rulings issued, fees refunded, and taxpayer characteristics