MN HF1866

Modifies the definition of "net revenue" from motor vehicle lease sales taxes by reducing the annual deduction from $32,000,000 to $28,200,000 in fiscal year 2015, $28,000,000 in fiscal year 2016, and $27,800,000 in fiscal year 2017 and thereafter.

Maintains the existing distribution formula where $9,000,000 annually transfers to the county state-aid highway fund until January 1, 2015, then 50 percent of net revenue transfers thereafter.

Allocates highway fund transfers to metropolitan area counties (excluding Hennepin and Ramsey) based on each county's population as a percentage of the total population of recipient counties.

Directs the remainder of net revenue to the greater Minnesota transit account.

Clarifies that revenues from the sales tax under section 297A.62, subdivision 1a, are excluded from these distributions and must be deposited according to the Minnesota Constitution, article XI, section 15.