HF5 (False House Legislative Session 94 (2025-2026))

Imposition and allocation of certain taxes modified, tax analysis required, retail delivery fee repealed, unlimited Social Security subtraction provided, and report required.

AI Generated Summary

This legislative bill in Minnesota includes various changes related to government finance. Key points include:

  1. Modifying how certain taxes are imposed and allocated.
  2. Requiring analysis of certain taxes.
  3. Repealing a retail delivery fee.
  4. Providing a complete tax subtraction for Social Security benefits to help seniors keep more of their income.
  5. Requiring a new report, although the specifics are not detailed.
  6. Amending several sections of the Minnesota Statutes 2024.
  7. Repealing several statutes related to different topics, which could suggest removing outdated or unnecessary regulations.

Additionally, the bill establishes a "Transportation Advancement Account" within the special revenue fund, which will contain funds from specified sections of the Minnesota statutes and other sources as determined by law. This account is likely aimed to support transportation projects or improvements.

Overall, this bill adjusts taxes, potentially reduces fees for individuals and businesses, and aims to direct funds toward transportation advancements in Minnesota.

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