Tax establishment on certain individuals and organizations convicted of and benefitting from fraud

Summary

The bill imposes a tax equal to the full amount of money obtained through fraud on individuals or organizations convicted of fraud, and on those who receive compensation from them. The Minnesota commissioner of revenue administers the tax and deposits the revenue into a tax‑relief account for income or property tax relief. The tax applies retroactively to fraud determinations made after Dec. 31, 2019.

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