PFAS gross revenues tax imposed, and cleanup account and commission established.

HF 726 imposes a 50% tax on the gross revenue from manufacturing or selling products containing PFAS (fluorinated chemicals) in Minnesota. It directly affects manufacturers and retailers with a presence in the state, requiring them to report monthly sales but not pay the tax immediately. Revenue collected funds a dedicated cleanup account for environmental remediation of PFAS contamination. The tax applies only to products where PFAS is deliberately added for a specific function, and funds are transferred annually to the cleanup account from the general fund. This bill creates a new tax mechanism to generate funding for PFAS cleanup efforts.