HF931 Summary

• Authorizes sale and issuance of $400,400,000 in trunk highway bonds to fund Corridor Investment Management Strategy (CIMS) Program ($200,000,000) and Transportation Economic Development (TED) Program ($200,000,000), with $50,000,000 allocated annually for fiscal years 2014-2017.

• Increases motor vehicle registration tax from $10 to $20 plus 1.375% of base value (previously 1.25%), and adds 5% late payment penalty for unpaid registration taxes after 30 days.

• Raises gasoline excise tax from 25 cents per gallon to 30 cents per gallon effective October 1, 2013, with scheduled increases through 2017; adjusts special fuel tax rates for propane, natural gas, and compressed natural gas.

• Expands general sales tax to include motor vehicle repair and maintenance services (excluding warranty/recall work) and warranties/service contracts for motor vehicles, effective January 1, 2014.

• Modifies county wheelage tax to apply to all counties (not just metropolitan counties) with amounts set by county boards; increases local option sales and use tax in counties from one-quarter to three-fourths of one percent; removes voter approval requirement for greater Minnesota counties to impose local transportation taxes.

• Authorizes municipalities to establish municipal street improvement districts with fees collected over 5-20 years for street construction and maintenance projects.