This bill introduces significant modifications to government finance in Minnesota, particularly concerning tax imposition and allocation. It repeals the retail delivery fee and implements an unlimited subtraction for Social Security benefits. Additionally, the bill mandates a comprehensive tax analysis report and amends various sections of the Minnesota Statutes, including changes to the distribution of funds from the transportation advancement account and the revenue department service and recovery special revenue fund. Many provisions are set to take effect on July 1, 2025, with some retroactively effective from August 1, 2024.

Specific amendments include adjustments to the distribution percentages for the regional transportation sales tax, changing allocations from 83% to 74% and from 17% to 26% in different sections. The bill also requires the commissioner of public safety to conduct an analysis of the motor vehicle registration tax, with findings due to legislative committees by January 15, 2026. Furthermore, the repeal of sections related to retail delivery fees will take effect on July 1, 2025, while the changes regarding the regional transportation sales tax will apply to taxes remitted after June 30, 2025. Overall, the bill aims to streamline tax processes and enhance funding for transportation services in Minnesota.

Statutes affected:
Introduction: 174.49, 270C.15, 290.0132, 296A.07, 296A.08, 297A.94, 297A.9915