MN SF5353

Modifies deductions from county transportation sales and use tax proceeds to include costs for constructing and maintaining zip code or geo-code databases necessary for local sales tax collections under the Streamlined Sales and Use Tax Agreement.

Distributes initial database construction costs among cities with local sales tax based on each city's population, and establishes a method for distributing maintenance costs based on the number of boundary changes for each city.

Requires metropolitan counties imposing transportation taxes to submit biennial reports by February 15 of even-numbered years to legislative committees with jurisdiction over transportation, including actual collections, revenue projections, expenditures by category, project information, and unspent revenue balances.

Imposes financial penalties for counties failing to submit required reports: deducts $10,000 from the next quarterly tax proceeds remittance following the deadline and continues $10,000 deductions from each subsequent quarterly remittance until the report is submitted.