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Bill

HF 375

Portion of proceeds of the combined net receipts tax allocated.

2025-2026 Regular Session Introduced by Bjorn Olson and 1 co-sponsor

Minnesota bill redirects a portion of combined net receipts tax revenue to a designated fund or purpose, affecting state budget priorities and program funding allocations.

Introduction and first reading, referred to Taxes
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Bill Summary · HF 375

Legislative bill overview

HF 375 proposes to allocate a portion of proceeds from Minnesota's combined net receipts tax to a specified fund or purpose. The bill was introduced on February 13, 2025, and referred to the House Taxes Committee for consideration. Specific allocation details and destination of funds are contained within the bill's provisions.

Why is this important

Tax revenue allocation decisions directly affect state budget priorities, funding for public services, and the overall fiscal health of Minnesota's budget. How combined net receipts tax revenue is distributed influences which state programs and initiatives receive support versus competition for limited resources.

Potential points of contention

  • Fiscal impact: Whether reallocating existing tax revenue creates funding gaps elsewhere or requires offsetting budget adjustments
  • Purpose clarity: The specific program, fund, or purpose receiving these proceeds and whether stakeholders agree it's a priority use of revenue
  • Competitive priorities: Which existing programs or services might lose funding if revenue is redirected from current allocations

Compiled from official sources — confirm details with the bill’s official record.

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