Section 1, subdivision 1 establishes definitions for purposes of the tax time savings grant program ("program").

Subdivision 2 establishes the program to make grants to nonprofit organizations to fund the integration of financial capability services into the delivery of taxpayer assistance services.

Subdivision 3 establishes eligibility requirements for applicants including dedicating at least one staff or volunteer position to coordinate financial capability services with initiation through completion of defined outcomes.

Subdivision 4 prohibits specified conflicts of interest between grant applicants and financial institutions. An applicant is allowed to receive funding from financial institutions not contingent on the applicant offering the services of that financial institution.

Subdivision 5 allows a grant recipient to use grant funds to dedicate a staff or volunteer position to coordinate financial capability services.

Section 2 appropriates $400,000 in fiscal year 2017 from the general fund for the program. Up to five percent of this amount may be used for administration. Base funding is $400,000 per year.

Section 3 appropriates $400,000 in fiscal year 2017 from the general fund for taxpayer assistance grants. Up to five percent may be used for administration of the grants program. After fiscal year 2017, the base funding is $800,000 per year.