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MN HF3770
Bill
Status
2/24/2022
Primary Sponsor
Mike Sundin
Click for details
AI Summary
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Establishes a liquid fuel modernization account in the special revenue fund, funded by a fee on petroleum products and supported by grants and interest income.
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Imposes a $13 per 1,000 gallons fee on petroleum products through June 30, 2032, collected by licensed distributors with monthly tax returns; fee automatically triggers when account balance falls below $35,000,000 until reaching $60,000,000.
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Creates a grant program providing eligible entities 65 percent reimbursement (up to $800,000 per year) for equipment and labor costs to install fuel infrastructure compatible with higher biofuel blends (gasoline with more than 10% ethanol or diesel with more than 20% biodiesel).
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Establishes a four-member advisory committee including the agriculture commissioner, Pollution Control Agency director, a fuel equipment provider, and a fuel distributor (who chairs the committee) to oversee the grant program.
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All provisions expire June 30, 2033, with fee collection ending June 30, 2032.
Legislative Description
Liquid fuel and modernization fee and grant program established, and money appropriated.
Last Action
Introduction and first reading, referred to Commerce Finance and Policy
2/24/2022