MN HF2671

Amends Minnesota motor fuel excise tax law to impose reduced tax rates on gasoline when prices exceed specified thresholds, determined by United States Energy Information Administration data.

For gasoline: imposes 20 cents per gallon tax when prices are $4.00-$4.49, reduces to 10 cents per gallon when $4.50-$4.99, and eliminates tax entirely when prices reach $5.00 or higher.

For special fuel (diesel): imposes 20 cents per gallon tax when prices are $4.50-$4.99, reduces to 10 cents per gallon when $5.00-$5.49, and eliminates tax when prices reach $5.50 or higher.

Rate reductions take effect the first day of a calendar month that is at least ten business days after the commissioner determines prices have fallen within a specified range for two consecutive weeks.

Suspends the surcharge under section 296A.083 during periods when reduced rates apply; all provisions are effective the day following final enactment.