Minnesota HF5 modifies tax rates, repeals retail delivery fee, and provides unlimited Social Security subtraction.

Minnesota HF5 modifies the imposition and allocation of certain taxes, including the gasoline excise tax and special fuel excise tax. It repeals the retail delivery fee and provides an unlimited Social Security subtraction for taxpayers. The bill requires the commissioner of public safety to perform an analysis of the motor vehicle registration tax. It also mandates reports on the tax analysis and the impacts of transportation funding. The bill is effective for taxes remitted after June 30, 2025.

Minnesota HF5 modifies tax rates, repeals retail delivery fee, and provides unlimited Social Security subtraction.

Minnesota HF5 modifies the imposition and allocation of certain taxes, including the gasoline excise tax and special fuel excise tax. It repeals the retail delivery fee and provides an unlimited Social Security subtraction for taxpayers. The bill requires the commissioner of public safety to perform an analysis of the motor vehicle registration tax. It also mandates reports on the tax analysis and the impacts of transportation funding. The bill is effective for taxes remitted after June 30, 2025.