This bill amends Minnesota Statutes 2023 Supplement, section 297A.94, to dedicate specific sales tax revenues to the highway user tax distribution fund. Notably, beginning with sales taxes remitted after July 1, 2024, the commissioner will deposit into the state treasury an amount equal to the estimated revenues derived from various products and services, including bicycles, electric-assisted bicycles, their repair parts, and several food service categories. This change aims to enhance funding for highway-related projects by broadening the scope of taxable items contributing to the highway user tax distribution fund.

Additionally, the bill includes a deletion of previous provisions regarding the deposit of revenues generated by the sales tax imposed under section 297A.62, subdivision 1a, which will now be replaced with the new provisions outlined in the bill. The overall intent is to ensure that a wider array of sales tax revenues is allocated to support highway infrastructure and maintenance, thereby improving transportation funding in Minnesota.