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MN HF3036
Bill
Status
3/13/2014
Primary Sponsor
Linda Runbeck
Click for details
AI Summary
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Exempts the Department of Transportation from paying sales tax on purchases, effective July 1, 2014.
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Requires the Department of Transportation to include estimated sales tax amounts paid to contractors in biennial budget submissions for lump-sum and guaranteed maximum price contracts used in trunk highway construction and maintenance.
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Modifies motor vehicle lease sales tax revenue distribution by allocating $32,000,000 to the county state-aid highway fund, 50 percent of remaining revenues to county state-aid highway fund (with specific allocation to metropolitan area counties excluding Hennepin and Ramsey), and remaining revenues to the greater Minnesota transit account, effective July 1, 2014.
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Increases the replacement service operation cost payment formula ratio from 3.74 percent to 4.5 percent of state revenues generated from motor vehicle sales taxes under chapter 297B, effective July 1, 2014.
Legislative Description
Transportation Department exempted from sales tax payment and sales tax amounts appropriation to be paid to contractors provided; motor vehicle lease sales tax revenue distribution adjusted; and replacement service operation costs payment formula amended.
Last Action
Introduction and first reading, referred to Transportation Finance
3/13/2014