MN HF1044

Reallocates motor vehicle lease sales tax revenue by allocating $9,000,000 annually to county state-aid highway fund (distributed to metropolitan area counties excluding Hennepin and Ramsey based on population) and remainder to greater Minnesota transit account.

Imposes a 0.75% sales and use tax on retail sales within seven-county metropolitan area (Anoka, Carver, Dakota, Hennepal, Ramsey, Scott, Washington) and a $20 excise tax on motor vehicles purchased in the area, effective January 1, 2014.

Allocates metropolitan area tax revenues as follows: 41.5% to Metropolitan Council for bus transit, 41.5% to Counties Transit Improvement Board, 7% to cities, 7% to counties, and 3% to Metropolitan Council for bicycle and pedestrian infrastructure.

Appropriates $8,000,000 from bond proceeds for greater Minnesota transit capital facilities and $95,000,000 for environmental studies, engineering, property acquisition, and construction of nine transit corridors (Bottineau Boulevard, Riverview, Gateway, Nicollet Avenue, Snelling Avenue, Southwest Light Rail, Red Rock, Robert Street, Rush Line).

Authorizes issuance of up to $103,000,000 in state bonds to fund the appropriations.