MN HF2205

Redefines "net revenue" from motor vehicle lease sales tax to equal all revenues collected under the section during the fiscal year, removing previous subtraction amounts ($30.1-$32 million annually).

Allocates 50 percent of net revenue to the county state-aid highway fund for counties in the metropolitan area (excluding Hennepin and Ramsey counties), distributed based on population.

Allocates the remaining 50 percent of net revenue to the greater Minnesota transit account.

Removes the previous allocation formula that designated $9 million annually to highways until January 1, 2016, then 50 percent thereafter.

Effective July 1, 2014.