Minnesota HF5: Imposition and allocation of certain taxes modified, tax analysis required, transportation funding impacts analysis required, retail delivery fee repealed, unlimited Social Security subtraction provided, previous appropriation and transfer modified, reports required, money transferred, and money appropriated.

What the bill says

A bill for an act relating to government finance; modifying imposition and allocation of certain taxes; requiring certain tax analysis; requiring transportation funding impacts analysis; repealing retail delivery fee; providing an unlimited Social Security subtraction; modifying previous appropriation and transfer; requiring reports; transferring money; appropriating money; amending Minnesota Statutes 2024, sections 168.013, subdivision 1m; 168.1287, subdivisions 1, 5; 174.49, subdivisions 2, 3; 270C.15; 290.0132, subdivision 26; 296A.07, subdivision 3; 296A.08, subdivision 2…

From the engrossed text, March 3, 2025:

A bill for an act relating to government finance; modifying imposition and allocation of certain taxes; requiring certain tax analysis; requiring transportation funding impacts analysis; repealing retail delivery fee; providing an unlimited Social Security subtraction; modifying previous appropriation and transfer; requiring reports; transferring money; appropriating money; amending Minnesota Statutes 2024, sections 168.013, subdivision 1m; 168.1287, subdivisions 1, 5; 174.49, subdivisions 2, 3; 270C.15; 290.0132, subdivision 26; 296A.07, subdivision 3; 296A.08, subdivision 2; 297A.9915, subdivision 4; Laws 2023, chapter 68, article 1, sections 3, subdivision 2, as amended; 20, as amended; repealing Minnesota Statutes 2024, sections 168E.01; 168E.03; 168E.05; 168E.07; 168E.09. Section 1. Minnesota Statutes 2024, section 168.013, subdivision 1m, is amended to read: Subd. 1m. Electric vehicle. new text begin [ADDED: (a) ] new text end In addition to the tax under subdivision 1a, a surcharge of deleted text begin $75deleted text end new text begin [ADDED: $150] new text end is imposed for an all-electric vehicle, as defined in section 169.011, subdivision 1a. new text begin [ADDED: (b) ] new text end Notwithstanding subdivision 8, revenue from the fee imposed under this subdivision must be depositednew text begin [ADDED: as follows:] new text end new text begin [ and] new text end new text begin [ADDED: (2) 50 percent in the transportation advancement account under section 174.49] new text …