Require undesignated money returned to the state through restitution or recovery be deposited in a taxpayer refund account

Summary

The bill creates a special account that receives any nondesignated restitution, settlement or over‑payment money the state recovers. The money, plus any interest, must be used only to issue refunds to Minnesota taxpayers, and is distributed each year if the balance exceeds $300 million. It is overseen by the commissioner of management and budget and takes effect July 1, 2026.

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