MN HF3150

Amends Minnesota Statutes 2020, section 297A.94 to modify how sales tax revenue from motor vehicle repair and replacement parts is deposited to the highway user tax distribution fund.

Increases the monthly deposit amount to the highway user tax distribution fund from $2,628,000 to $27,704,000 for the period between July 1, 2022 and June 30, 2023.

Changes the deposit calculation for fiscal years after 2023 to use a percentage estimate of total sales tax revenues collected in the prior month, replacing a fixed $12,137,000 monthly amount.

Requires the commissioner to estimate by March 1 in each odd-numbered year the percentage of total sales tax revenues attributable to motor vehicle repair and replacement parts sales, based on federal data and department consumption models.

Effective July 1, 2022.