This bill, Minnesota Senate File No. 2129, proposes the imposition of a gross revenues tax on manufacturers and retailers of products containing perfluoroalkyl and polyfluoroalkyl substances (PFAS). Key provisions include:

1. Tax Rate:

   • A 50% tax on gross revenue from the sale of PFAS-containing products.
   • Applied to both manufacturers (on sales to distributors) and retailers (on sales to consumers).

2. Taxpayer Requirements:

   • Manufacturers and retailers with a physical presence (nexus) in Minnesota are required to pay the tax.
   • Monthly informational reports must be submitted, although no payment is required with these reports.

3. Tax Administration:

   • Taxes must be reported and paid annually.
   • Standard tax compliance measures (audits, penalties, collections) apply.
   • Credits may be available for taxes paid in other jurisdictions on the same gross revenue.

4. Revenue Use:

   • All tax revenue, including penalties and interest, will be deposited into Minnesota’s general fund.

Additionally, the bill outlines the establishment of a PFAS cleanup account in a special revenue fund and the creation of an Advisory Commission to oversee its management. Reports on PFAS-related taxation and environmental impacts will also be required.

This bill is currently referred to the Minnesota Senate Taxes Committee for further evaluation.