.................... moves to amend H.F. No. 3729, the delete everything amendment
(A10-2559), as follows:
Page 160, after line 31, insert:
"Sec. 2. Minnesota Statutes 2008, section 270C.11, subdivision 4, is amended to read:
Subd. 4. Contents.
The report shall detail for each tax expenditure item the
amount of tax revenue forgone, a citation of the statutory or other legal authority for the
expenditure, and the year in which it was enacted or the tax year in which it became
effective. Each chapter of the tax expenditure report must include an estimate of the
1.9number of jobs created in Minnesota as a result of the tax expenditures in that chapter.
The report may contain additional information which the commissioner considers
relevant to the legislature's consideration and review of individual tax expenditure items.
This may include, but is not limited to, statements of the intended purpose of the tax
expenditure, analysis of whether the expenditure is achieving that objective, and the
effect of the expenditure device on the distribution of the tax burden and administration
of the tax system.
1.16EFFECTIVE DATE.This section is effective the day following final enactment.
Renumber the sections in sequence and correct the internal references
Amend the title accordingly