Certain requirements modification for the Tax expenditure Review Commission

SF 45 modifies requirements for Minnesota's Tax Expenditure Review Commission. It changes the commission's membership structure (specifying how senators and representatives are appointed) and revises its review process for state tax benefits. The bill requires the commission to annually review tax expenditures, assess revenue losses and effectiveness, and recommend whether to continue, repeal, or modify each benefit. Key provisions include a 10-year review cycle for all tax expenditures, mandatory public hearings before reports, and standardized analysis components like estimating revenue impacts and comparing tax benefits to direct spending. This bill directly affects the commission's operations and how Minnesota evaluates existing tax breaks.