This bill proposes significant changes to government finance in Minnesota, particularly in the realm of transportation funding and tax regulations. Notably, it repeals the retail delivery fee and introduces an unlimited subtraction for Social Security benefits. The electric vehicle registration fee will increase from $75 to $150, with the additional revenue directed to the transportation advancement account. The bill also requires analyses of the motor vehicle registration tax and the impacts of transportation funding, with reports due by January 2026. Amendments to existing laws include reallocating contributions for special license plates to the transportation advancement account and adjusting appropriations for transit operations and highway projects.

Additionally, the bill mandates that affected entities provide necessary information to the commissioner regarding changes in assistance or revenue due to the act. It specifies that the transportation funding impacts analysis will exclude changes related to Minnesota Statutes, chapter 290, and requires the commissioner of transportation to report on this analysis by January 15, 2026. The bill also outlines appropriations from the transportation advancement account for the analysis and details specific transfers from the general fund for fiscal years 2026 and 2027. Lastly, it repeals certain sections of Minnesota Statutes 2024 concerning transportation funding, with the repeal taking effect on July 1, 2025.

Statutes affected:
Introduction: 174.49, 270C.15, 290.0132, 296A.07, 296A.08, 297A.94, 297A.9915
1st Engrossment: 174.49, 270C.15, 290.0132, 296A.07, 296A.08, 297A.94, 297A.9915
2nd Engrossment: 168.013, 168.1287, 174.49, 270C.15, 290.0132, 296A.07, 296A.08, 297A.9915