HF304 (Legislative Session 94 (2025-2026))
Motor Fuels tax indexed increases repealed.
Related bill: SF1747
AI Generated Summary
This legislative bill addresses transportation taxes in Minnesota by altering how the motor fuels tax is adjusted. It sets fixed tax rates for E85 and M85 ethanol fuels and other types of gasoline. Annually, the tax rates could have been adjusted based on the Minnesota Highway Construction Cost Index, which indicates changes in construction costs. From 2025 onwards, any annual change in the tax rates due to this index cannot exceed three percent. This aims to cap how much the fuel tax rates can rise year over year, providing more predictability in taxation.
Bill text versions
- Introduction PDF file
Actions
Date | Chamber | Where | Type | Name | Committee Name |
---|---|---|---|---|---|
February 09, 2025 | House | Floor | Action | Introduction and first reading, referred to | Transportation Finance and Policy |
Citations
[ { "analysis": { "added": [ "Introduces a cap on the percentage change to not exceed three percent beginning August 1, 2025." ], "removed": [], "summary": "This bill amends the gasoline excise tax rates as detailed in Minnesota Statutes 296A.07.", "modified": [ "Adjustment of tax rates using the Minnesota Highway Construction Cost Index." ] }, "citation": "296A.07" } ]