MN SF1747

Repeals the annual automatic adjustment of gasoline and special fuel excise taxes based on the Minnesota Highway Construction Cost Index, effective July 1, 2025

Fixes gasoline tax rates at: 25 cents per gallon for standard gasoline, 17.75 cents for E85, and 14.25 cents for M85

Fixes special fuel tax rates at: 18.75 cents per gallon for liquefied petroleum gas/propane, 15 cents for liquefied natural gas, and $1.974 per thousand cubic feet (or 25 cents per gasoline equivalent) for compressed natural gas

Requires the commissioner of management and budget to calculate the revenue reduction to the highway user tax distribution fund and transfer equivalent amounts from the general fund for fiscal years 2026 and 2027

General fund transfers must occur by July 31, 2025 for FY2026 and by July 31, 2026 for FY2027