Sen. Reinert discusses policies to make tax spending more transparent
ST. Paul, MN – Senator Roger Reinert’s bill, Senate File 53, was heard today by the Senate Tax Reform Division. The bill would require a complete and ongoing review of the nearly 300 tax expenditures currently written into Minnesota income and sales tax code.
“Folks around Minnesota more commonly know tax expenditures as tax deductions,” said Senator Reinert. “It doesn’t matter what you call it” he went on to say, “it is spending in the state budget. The critical difference though is that this spending is not transparent and is never reviewed. In a time of tight fiscal resources, we must run the state’s fiscal house better.”
To oversee this review, the bill would create a Tax Advisory Commission composed of eight legislators and six public members. The commission would review information on existing tax expenditures and submit recommendations to the Legislature regarding their continuation or expiration. The bill also outlines requirements for the creation of future tax expenditures.
SF53 passed the Tax Reform Division on a unanimous voice vote. It is scheduled to be heard last by the full Senate Tax Committee this session. Senator Reinert is a member of the Tax Committee.