MN SF3086

Modifies allocation of state general sales tax revenue from motor vehicle repair and replacement parts sales, effective July 1, 2022

Requires monthly deposits of revenue from motor vehicle repair and replacement parts taxes to be split as follows: 86 percent to highway user tax distribution fund, 7 percent to small cities assistance account, and 7 percent to town road account in county state-aid highway fund

Sets monthly deposit amount at $26,655,000 between July 1, 2022 and June 30, 2023, with automatic annual adjustments based on percentage change in total sales tax revenue collected

Defines "motor vehicle repair and replacement parts" to include all parts, tires, accessories, equipment, paint, oil, and fluids incorporated into or affixed to motor vehicles during maintenance and repair

Amends Minnesota Statutes 2020, section 297A.94 regarding deposit of revenues from taxes imposed under sales tax chapter