MN SF5392

Adds new paragraph (m) to dedicate sales tax revenues from 14 specific products and services to the highway user tax distribution fund beginning July 1, 2024, including bicycles, electric-assisted bicycles, repair parts, vehicle services, motor vehicle paint, prepared food, for-hire carriers, direct mail, aggregate delivery, road construction materials, delivery charges, and nonresidential parking services.

Deposits estimated revenues from bicycles and bicycle repair parts, vehicle services, motor vehicle paint for general purposes, prepared food from restaurants and food carts, for-hire carriers, direct mail, aggregate delivery, road materials, delivery charges, and parking services into the highway user tax distribution fund.

Excludes revenues from the sales tax under Minnesota Constitution article XI, section 15, from the deposit requirements.

Renumbers the final paragraph from (m) to (n) to accommodate the new dedication paragraph.

Amends Minnesota Statutes 2023 Supplement, section 297A.94, regarding the deposit of sales and use tax revenues.