SF966

The legislative bill, S.F. No. 966, involves changes to the surcharges applied to various types of electric vehicles in Minnesota, to support funding for the state's highway system. Here’s a breakdown of the main provisions:

1. Increase in Surcharges for All-Electric Vehicles: The surcharge for all-electric vehicles will be raised from $75 to $150. The revenue collected from this surcharge is directed towards the highway user tax distribution fund.

2. New Surcharge for Plug-In Hybrid Electric Vehicles: A new surcharge of $75 is introduced for plug-in hybrid electric vehicles.

3. Surcharges for Electric Motorcycles: An all-electric motorcycle will now have a surcharge of $30.

4. Surcharges for Plug-in Hybrid Electric Motorcycles: A new surcharge of $15 is set for plug-in hybrid electric motorcycles.

5. Adjustments Linked to Gasoline Excise Tax: If there’s an increase or decrease in the gasoline excise tax, the surcharges for these vehicles will also adjust accordingly.

6. Definition and Classification: The bill defines what constitutes an all-electric motorcycle and a plug-in hybrid electric motorcycle. It ensures these definitions are updated and categorized appropriately in the state's statutes.

7. Funding Transfers: Each year, an equation-based formula determines how much money, from the collected surcharges, gets transferred from the general fund to the highway user tax distribution fund to support the state's transport infrastructure.

This bill is designed to update the existing financial structures for road maintenance and development in light of increasing electric vehicle usage, ensuring funding keeps pace with changes in vehicle technology and usage patterns.