Private letter ruling program establishment

SF 783 establishes a formal private letter ruling program for Minnesota taxpayers, allowing individuals and businesses to request written guidance from the state tax commissioner on how specific transactions or arrangements will be taxed. The program requires the commissioner to issue binding rulings within 90 days (with fee refunds if delayed), set fees based on complexity, and publish anonymized rulings online for public access by tax type. Taxpayers must provide full facts, and rulings only bind the commissioner if no material facts changed, laws remained unchanged, and the taxpayer acted in good faith. The bill also mandates annual legislative reports on application volumes, fees, and ruling outcomes to ensure transparency and oversight.