MN SF2081

Amends Minnesota Statutes 297A.94 to accelerate the transfer of sales tax revenue from motor vehicle repair and replacement parts to the transportation advancement account

Increases the percentage allocated to the transportation advancement account in fiscal year 2027 from 7.5% to 7.6%, in fiscal year 2028 from 14.5% to 14.75%, and in fiscal year 2029 from 21.5% to 22%

Raises the permanent allocation to 56.5% beginning in fiscal year 2030, rather than gradually increasing to that level by fiscal year 2033 under current law

Eliminates the previously scheduled incremental increases of 36.5% (FY2031), 44.5% (FY2032), and 56.5% (FY2033), condensing the phase-in by three years

Maintains the existing 43.5% annual allocation to the highway user tax distribution fund, with the remainder after transportation advancement account deposits going to the general fund