Tax on certain individuals and organizations convicted of and benefiting from fraud established.

Summary

The bill imposes a tax equal to the full amount obtained by fraud on individuals or organizations convicted or found by the commissioner to have obtained state money dishonestly, and also on anyone who receives compensation from them. The tax is collected by the commissioner of revenue and deposited into a special tax‑relief account for income or property tax relief. It applies retroactively to fraud determinations made after Dec. 31, 2019.

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