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MN SF175
Bill
Status
Introduced
1/16/2025
Primary Sponsor
John Jasinski
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AI Summary
- Modifies the distribution of sales tax revenue from motor vehicle repair and replacement parts between the highway user tax distribution fund, transportation advancement account, and general fund
- Increases the percentage allocated to the highway user tax distribution fund from a flat 43.5% to a graduated schedule peaking at 71.5% in fiscal year 2030, then declining back to 43.5% by fiscal year 2033
- Increases the percentage allocated to the transportation advancement account from 3.5% in FY2024 to 56.5% by fiscal year 2033 and thereafter
- Reduces the remainder going to the general fund as the dedicated transportation percentages increase over the 10-year phase-in period
- Amends Minnesota Statutes 2024, section 297A.94 governing the deposit of sales tax revenues
Legislative Description
Sales tax on vehicle repair and replacement parts distribution proceeds modification
Last Action
Referred to Transportation
1/16/2025
Committee Referrals
Transportation1/16/2025
Full Bill Text
No bill text available