SF 4398
Introduction - 94th Legislature (2025 - 2026)
Posted on 03/13/2026 09:21 a.m.
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A bill for an act
relating to taxation; insurance; modifying the automobile theft prevention surcharge
and dedication of certain revenues; amending Minnesota Statutes 2024, section
297I.11, subdivision 1; Minnesota Statutes 2025 Supplement, section 297I.11,
subdivision 2.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
Minnesota Statutes 2024, section 297I.11, subdivision 1, is amended to read:
Subdivision 1.
Surcharge.
Each insurer engaged in the writing of policies of automobile
insurance shall collect a surcharge, at the rate of deleted text begin 50deleted text end new text begin 60new text end cents per vehicle for every six months
of coverage, on each policy of automobile insurance providing comprehensive insurance
coverage issued or renewed in this state. The surcharge may not be considered premium
for any purpose, including the computation of premium tax or agents' commissions. The
amount of the surcharge must be separately stated on either a billing or policy declaration
sent to an insured. Insurers shall remit the revenue derived from this surcharge to the
commissioner of revenue for purposes of the automobile theft prevention program described
in section 65B.84. For purposes of this subdivision, "policy of automobile insurance" has
the meaning given it in section 65B.14, covering only the following types of vehicles as
defined in section 168.002:
(1) a passenger automobile;
(2) a pickup truck;
(3) a van but not commuter vans as defined in section 168.126; or
(4) a motorcycle,
except that no vehicle with a gross vehicle weight in excess of 10,000 pounds is included
within this definition.
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective July 1, 2026.
new text end
Sec. 2.
Minnesota Statutes 2025 Supplement, section 297I.11, subdivision 2, is amended
to read:
Subd. 2.
Automobile theft prevention account.
A special revenue account in the state
treasury shall be credited with the proceeds of the surcharge imposed under subdivision 1.
Of the revenue in the account, $1,300,000 each year must be transferred to the insurance
fraud prevention account under section 299C.061, subdivision 9new text begin , and $900,000 each year
must be transferred to the Minnesota victims of crime account under section 299A.708new text end .
Revenues in excess of deleted text begin $1,300,000deleted text end new text begin $2,200,000new text end each year may be used only for the automobile
theft prevention program described in section 65B.84.
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective July 1, 2026.
new text end