Subdivision 1. Definitions. For purposes of this section, the following terms have the meanings given them:
(1) "debt service" means the amount of principal and interest in each fiscal year attributable to the trunk highway bonds authorized in Laws 2008, chapter 152, article 2; and
(2) "surcharge" means the rate imposed under this section on gasoline taxed under section 296A.07, subdivision 3, clause (3), and includes a proportional rate for each type of fuel taxed under sections 296A.07, subdivision 3, clauses (1) and (2), and 296A.08, subdivision 2.
Subd. 2. Debt service forecast. On April 1 each year, the commissioner of management and budget shall report to the commissioner of revenue on trunk highway debt service. The report must include the annual amount of revenue from the surcharge previously deposited in the trunk highway fund, and a forecast of the total and annual amounts necessary to pay the remaining debt service.
Subd. 3. Surcharge rate. (a) By July 16, 2008, and each April 1 thereafter, the commissioner of revenue shall calculate and publish a surcharge as provided in paragraphs (b) and (c). The surcharge is imposed from August 1, 2008, through June 30, 2009, and each new surcharge thereafter is imposed the following July 1 through June 30.
(b) For fiscal years 2009 through 2012, the commissioner shall set the surcharge as specified in the following surcharge rate schedule.
(c) For fiscal year 2013 and thereafter, the commissioner shall set the surcharge at the lesser of (1) 3.5 cents, or (2) an amount calculated so that the total proceeds from the surcharge deposited in the trunk highway fund from fiscal year 2009 to the upcoming fiscal year equals the total amount of debt service from fiscal years 2009 to 2039, and the surcharge is rounded to the nearest 0.1 cent.
Subd. 4. Apportionment. The surcharge under this section is subject to the apportionment provisions of section 296A.18.
2008 c 152 art 2 s 1; 2009 c 101 art 2 s 109; 2011 c 112 art 9 s 1; 1Sp2021 c 5 art 4 s 103
Structure Minnesota Statutes
Chapters 296 - 299 — Excise And Sales Taxes
Chapter 296A — Tax On Petroleum And Other Fuels
Section 296A.01 — Definitions.
Section 296A.02 — Administration.
Section 296A.03 — Distributor's License.
Section 296A.04 — Special Fuel Dealer's License; Requirements.
Section 296A.05 — Bulk Purchaser's License; Requirements.
Section 296A.06 — Revocation Of License, Permit, Or Certificate; Suspension Of License.
Section 296A.061 — Cancellation Or Nonrenewal Of Licenses.
Section 296A.07 — Gasoline Tax.
Section 296A.08 — Special Fuel Tax.
Section 296A.083 — Debt Service Surcharge.
Section 296A.09 — Aviation Tax.
Section 296A.10 — Liability For Unpaid Tax.
Section 296A.11 — Seller May Collect Tax.
Section 296A.12 — Gasoline And Special Fuel Tax In Lieu Of Other Taxes.
Section 296A.13 — Personal Liability For Tax.
Section 296A.14 — Tax As Personal Debt Of Fiduciary.
Section 296A.15 — Payment Of Tax.
Section 296A.16 — Refund Or Credit.
Section 296A.17 — Aviation Refund.
Section 296A.18 — Apportionment Of Tax; Deposit Of Proceeds.
Section 296A.19 — Required Records.
Section 296A.21 — Statute Of Limitations.
Section 296A.22 — Nonpayment Of Tax; Civil Penalties.