Minnesota 2023-2024 Regular Session

Minnesota House Bill HF251

Introduced
1/11/23  

Caption

Taxation provisions modified, reserve account established for Department of Transportation projects approved by legislature, transportation projects reserve account tax checkoff established, and money appropriated.

Impact

The creation of the reserve account under HF251 is expected to streamline the funding process for transportation projects by ensuring that financial resources are readily available for ongoing and approved projects. This could increase the efficiency of project execution and potentially hasten the completion of necessary infrastructure improvements across the state. The financial contributions collected through the tax checkoff will remain available for appropriation to the Department of Transportation and are not subject to annual lapsing, which enhances financial security for ongoing projects.

Summary

House File 251 (HF251) introduces significant modifications to transportation-related taxation and funding procedures in Minnesota. The bill establishes a 'Transportation Projects Reserve Account' specifically designed to fund transportation projects that have received legislative approval, ensuring that they continue to progress without financial hindrance. The bill allows taxpayers, both individuals and corporations, to contribute to this reserve account via a tax checkoff option on their income tax returns, thus providing an avenue for direct public funding of transport initiatives.

Contention

As is often the case with bills related to taxation and funding, HF251 may face scrutiny regarding its implications for state budget allocations and taxpayer consent. There might be concerns from certain sectors regarding the perceived burden of additional tax contributions, even if voluntary, and debates may arise related to the prioritization of transportation projects funded through this new reserve account. Potential controversies could also emerge around the efficiency and transparency of how the funds are managed and distributed, as well as ongoing debates about transportation policy priorities within the state.

Companion Bills

No companion bills found.

Previously Filed As

MN HF848

Sales and use taxation provisions modified, rental motor vehicle tax and fee modified, account created, and money appropriated.

MN HF5247

Taxation and state government operations; various provisions modified, and money appropriated.

MN HF1349

Transportation; allowed uses for various accounts modified, bikeway established, Indian employment preference established, legislative routes removed, direct negotiation authorized for small construction projects, appropriations amended, and technical and clarifying changes made.

MN SF1946

Transportation provisions modifications and appropriations

MN SF2905

Qualification-based selection requirement for certain projects at the Department of Transportation establishment; appropriating money

MN HF5

Imposition and allocation of certain taxes modified, tax analysis required, transportation funding impacts analysis required, retail delivery fee repealed, unlimited Social Security subtraction provided, previous appropriation and transfer modified, reports required, money transferred, and money appropriated.

MN HF2759

Qualification-based selection requirement established for certain projects at Department of Transportation, reports required, and money appropriated.

MN HF401

Transportation; various policies provided, including establishment of special license plates and modification of veteran driver's license and identification card designation requirements, report required, and money appropriated.

MN HF3121

Transparency and community engagement in trunk highway project development established, project scoping and development requirements established, transportation project activity portal required, legislative reports modified, and money appropriated.

MN HF2718

Grain indemnity account established, and money appropriated.

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