MN HF901

Modifies Minnesota Statutes section 297A.815, subdivision 3, to change how motor vehicle lease sales tax revenue is allocated after a $32,000,000 annual deduction from total collections.

Changes revenue distribution from $9,000,000 annually until January 1, 2015, and 50 percent thereafter to a flat 50 percent allocation to the county state-aid highway fund for metropolitan area counties, excluding Hennepin and Ramsey counties.

Allocates funds to metropolitan area counties based on their population percentage relative to total population of participating counties.

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

Effective date is July 1, 2017.