SF 5310

as introduced - 93rd Legislature (2023 - 2024) Posted on 04/05/2024 10:15am

A bill for an act
relating to transportation; amending a surcharge on all-electric vehicles; amending
Minnesota Statutes 2022, section 168.013, subdivision 1m.

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

Section 1.

Minnesota Statutes 2022, section 168.013, subdivision 1m, is amended to read:

Subd. 1m.

Electric vehicle.

In addition to the tax under subdivision 1a, (a) Subject to
paragraph (b), a surcharge of $75 $137 is imposed for an all-electric vehicle, as defined in
section 169.011, subdivision 1a. The surcharge is in addition to the tax under subdivision
1a.

(b) By November 1 annually, the commissioner must calculate and publish an adjusted
surcharge under this subdivision, which applies to taxes payable for a registration period
starting on or after the following January 1. Each adjusted surcharge must:

(1) equal:

(i) the surcharge under paragraph (a) as previously adjusted under this paragraph;
multiplied by

(ii) one plus the percentage increase, if any, in the gasoline excise tax rate under section
296A.07, subdivision 3, as determined from the rate in effect at the time of calculation
compared to the rate to be imposed on the following January 1;

(2) be rounded to the nearest whole dollar; and

(3) not be lower than the surcharge under paragraph (a) as previously adjusted under
this paragraph.

(c) Notwithstanding subdivision 8, revenue from the fee imposed under this subdivision
must be deposited in the highway user tax distribution fund.

EFFECTIVE DATE.

This section is effective the day following final enactment and
applies to taxes payable for a registration period starting on or after July 1, 2024.