Business impact analysis of proposed legislation provision and appropriation

SF 435 requires Minnesota's Legislative Budget Office to create "business impact notes" for bills upon request by committee chairs. These notes must estimate the financial impact (like costs or savings) and regulatory burden (such as fees, training, or licensing requirements) on small businesses - defined as entities with fewer than 100 employees. The notes must detail assumptions, indicate if burdens increase or decrease, and suggest less costly alternatives if possible. The bill appropriates $ for the Legislative Budget Office to carry out this analysis.