MN SF5275

Modifies distribution of sales tax revenues from motor vehicle repair and replacement parts by creating a tiered allocation system between the highway user tax distribution fund, transportation advancement account, and general fund from fiscal years 2024-2033 and beyond.

Highway user tax distribution fund receives: 43.5% (FY2024) declining to 43.5% (FY2033+), with percentages fluctuating between 43.5% and 85.5% in intervening years.

Transportation advancement account under section 174.49 receives: 3.5% (FY2024) increasing to 56.5% (FY2033+), with gradual increases peaking at 56.5% in fiscal year 2033 and thereafter.

Remainder of motor vehicle repair and replacement parts sales tax revenue goes to the general fund each fiscal year.

Effective the day following final enactment.