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MN HF5327

Bill

Status

Introduced

4/8/2024

Primary Sponsor

Ginny Klevorn

Click for details

Origin

House of Representatives

93rd Legislature 2023-2024

AI Summary

  • Amends Minnesota Statutes section 297A.815, subdivision 3, to modify how motor vehicle lease sales tax revenues are distributed among transportation funds.

  • Maintains the distribution percentages: 38% to county state-aid highway fund, 38% to greater Minnesota transit account, 13% to Minnesota state transportation special revenue fund, and 11% to highway user tax distribution fund.

  • Changes the name of the fund receiving 13% from "Minnesota state transportation" to "special revenue" fund, with those revenues designated for the local bridge program under section 174.50.

  • Allocates county state-aid highway fund revenues to metropolitan area counties (excluding Hennepin and Ramsey) based on each county's population as of July 15 of the prior year.

  • Effective date is July 1, 2024.

Legislative Description

Deposits of motor vehicle lease sales taxes modified.

Last Action

Introduction and first reading, referred to Taxes

4/8/2024

Committee Referrals

Taxes4/8/2024

Full Bill Text

No bill text available