Contingent reductions in provider taxes provisions modifications

This bill modifies Minnesota's process for adjusting healthcare provider tax rates. It requires the commissioner of management and budget to annually determine if the health care access fund's projected balance exceeds 125% of expected expenditures. If so, and if the fund's cash balance is adequate, the commissioner may reduce tax rates for healthcare providers (under specific statutory subdivisions) for the following year to maintain the fund balance ratio. The tax rate adjustment is temporary, expiring annually and requiring yearly reassessment. This directly affects healthcare providers who pay these taxes.