Maddy summaryThis bill proposes a new 100% tax on the portion of credit card interest income earned by financial institutions that exceeds a 10% annual percentage rate. The measure directly affects banks and other lenders operating in Minnesota, requiring them to pay the tax on the excess interest collected from their credit card customers. The tax will only apply to taxable years beginning after December 31, 2026, and the amount subject to tax is calculated based on the institution's specific share of activity within the state.
Sponsored bills
Maddy summaryThis bill modifies how Minnesota calculates registration taxes for passenger cars and hearses by lowering the tax rate based on the vehicle's manufacturer's suggested retail price. It changes the tax calculation for new vehicles registered on or after November 16, 2020, and reduces the percentage of the vehicle's value taxed for each subsequent year of ownership. The legislation also establishes a process to transfer money from the state's general fund to the highway user tax distribution fund to cover any revenue shortfall caused by these tax reductions.
Maddy summaryThis bill requires the Bureau of Criminal Apprehension to conduct background checks when requested by the Office of the Legislative Auditor. It amends Minnesota law to officially add the Legislative Auditor to the list of agencies authorized to request criminal history information from the Bureau. The change expands access to criminal background records for oversight purposes, allowing the Auditor to verify information related to public safety and financial matters. This provision applies specifically to the Office of the Legislative Auditor and does not alter existing background check procedures for other agencies.
Maddy summaryThis bill updates Minnesota's suicide prevention reporting requirements and establishes standards for the state's 988 Lifeline service. It requires the state health commissioner to conduct periodic evaluations of the suicide prevention plan and submit biennial reports to legislative committees starting in 2026. The legislation also mandates that the designated 988 Lifeline center operate 24/7, meet specific operational and clinical standards, and coordinate with emergency services, mental health providers, and community resources. Additionally, the bill requires the commissioner to develop protocols for interactions between 988 and 911 services and publish biennial reports on 988 usage data including answer rates and emergency referrals.
Maddy summaryThis bill requires Minnesota's Department of Revenue to identify and list scholarship granting organizations that meet federal tax requirements. The commissioner must submit this list to the U.S. Treasury by January 1 each year and publish it on the department's website, effectively registering these organizations for a federal tax program. Organizations wishing to participate must submit a notice of intent by December 1 of the preceding year, and the commissioner will establish rules to ensure compliance with federal guidelines. The bill primarily affects scholarship programs in Minnesota by formalizing how they are recognized for federal tax purposes.
Maddy summaryThis bill establishes a one-time property tax refund program for Minnesota property owners who paid eligible taxes in 2026, affecting residential, agricultural, and commercial property classifications. The program allocates $4 billion from the state general fund to provide refunds based on a percentage calculated by the Department of Revenue, with applications accepted between July 15 and September 15, 2026. Any unclaimed refund amounts will automatically be converted into property tax credits for 2027 on the properties where no refund was requested. The legislation defines specific property categories eligible for the refund and sets clear deadlines for application processing and payment distribution.
Maddy summaryHF 895 requires Minnesota state agencies to obtain legislative approval before certain rules take effect. The bill amends statutes to mandate that a rule becomes effective only after a law approving it is enacted, following publication of the notice of adoption in the State Register. This directly affects all state agencies that create rules, as they must now seek legislative approval rather than having rules automatically take effect after publication. The key mechanism shifts the effective date from current practice to require a separate legislative act approving the rule after its notice is published.
Maddy summaryHF 57 increases state funding for special education by raising the cross-subsidy aid factor from 44% (for 2024-2025) to 50% for 2026 and 54% for 2027 and later. This directly affects Minnesota school districts that receive special education funding, providing them with higher state payments based on their previous year's special education costs. The bill appropriates specific funds for these increased payments in fiscal years 2026 and 2027. The change takes effect for special education aid calculations beginning in fiscal year 2026.
Maddy summaryHF 5 modifies Minnesota's tax structure by repealing the retail delivery fee and establishing an "unlimited Social Security subtraction," allowing taxpayers to subtract all their Social Security benefits from state taxable income. It redirects transportation funding by creating a "transportation advancement account" and requires specific distribution percentages: 36% to metropolitan counties, 28% to county highway funds, 23% to larger cities, 34% to small cities, 15% to town roads, and 1% to food delivery support. The bill also mandates tax analysis and reporting requirements for transportation funding impacts and modifies several tax statutes, including those governing Social Security benefit subtractions. These changes directly affect Minnesota taxpayers, local governments, and transportation agencies, effective July 1, 2025.
Maddy summaryThis bill requires Minnesota law enforcement agencies to report detailed information about domestic abuse incidents to the commissioner of public safety by January 15 each year, including data on arrests, victim and suspect demographics, and case outcomes. It authorizes arrests for suspected nonfelony domestic abuse and mandates that individuals arrested for suspected domestic abuse be held in custody until their first court appearance. The legislation also establishes a Task Force on Improving Responses to Domestic Violence Crimes to study and recommend improvements, with the requirement to submit annual reports. Additionally, the bill expands the legal definition of domestic abuse to include violations of various restraining and no contact orders, and appropriates funding to support these changes.