Interstate Fiscal Sovereignty Compact adoption provision and appropriation

This bill establishes a new legal framework in Minnesota to create an "Interstate Fiscal Sovereignty Compact," which would allow the state to hold federal taxes in a separate trust fund rather than sending them directly to the federal government. If approved and activated by a compact commission, employers would stop remitting withheld income, Social Security, and unemployment taxes to the IRS and instead deposit those funds into a state-controlled escrow account. The money in this fund must remain in trust and cannot be used for any state expenses, though interest earned on the fund would be deposited back into it. The bill also sets up a process for employers to register and report these deposits, but no action is required until a specific order officially launches the compact.