Loading chat...
MN SF2107
Bill
Status
2/27/2014
Primary Sponsor
David Dibble
Click for details
AI Summary
-
Authorizes $1,001,000,000 in trunk highway bonds with $800,000,000 for corridors of commerce program ($200,000,000 annually FY2015-2018) and $200,000,000 for transportation economic development program ($50,000,000 annually FY2015-2018).
-
Establishes 5 percent gross receipts tax on wholesale motor fuels sales with annual rate conversion to greater of 10 cents per gallon or 5 percent of previous fiscal year Minnesota wholesale gasoline price; revenues deposited to highway user tax distribution fund.
-
Modifies metropolitan area transit sales tax by adding 1 percent sales tax (effective after June 30, 2014) to equalize tax rates across seven-county metro area (Anoka, Carver, Dakota, Hennepal, Ramsey, Scott, Washington).
-
Creates Grant Evaluation and Ranking System (GEARS) Committee to award minimum 10 percent of net transit sales tax proceeds annually for bicycle, trail, pedestrian infrastructure and planning activities related to land use and transportation linkages.
-
Establishes state right-of-way acquisition loan account allowing interest-free loans to local governments for highway and transit-related property purchases; creates transit shelter design and maintenance standards requiring weather protection and accessibility features.
Legislative Description
Transportation finance provisions modifications; gross receipts motor fuel tax establishment; metropolitan area transit tax modification; transportation trunk highway bond issue and appropriation
Last Action
Withdrawn and re-referred to Finance
3/20/2014