HF 4186

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

A bill for an act
relating to fuel taxes; providing a tax holiday.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1. new text begin TAX ON PETROLEUM AND OTHER FUELS; TAX HOLIDAY.
new text end

new text begin Subdivision 1. new text end

new text begin Tax holiday. new text end

new text begin Notwithstanding Minnesota Statutes, section 296A.07,
for sales of gasoline, gasoline blended with ethanol, and agricultural alcohol gasoline
made after June 30, 2006, and before January 1, 2007, the gasoline excise tax rate is zero.
new text end

new text begin Subd. 2. new text end

new text begin Transfer; tax relief account. new text end

new text begin The commissioner shall estimate the amount
of forgone excise tax revenue under subdivision 1. In fiscal year 2007, an amount equal
to the estimated revenue calculated in this subdivision is transferred from the tax relief
account under Minnesota Statutes, section 16A.1522, subdivision 4, to the commissioner
who shall deposit it in the highway user tax distribution fund, and to various accounts in
the general fund in the same proportion as the revenues from the gasoline and special fuels
excise taxes are distributed under Minnesota Statutes, section 296A.18.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for sales made after June 30, 2006,
and before January 1, 2007, provided that the tobacco health impact fee under Minnesota
Statutes, section 256.9658, is upheld by the Minnesota Supreme Court by June 15, 2006.
new text end