Minnesota Statutes Excise and Sales Taxes (Ch. 296-299) § 296A.083. Debt service surcharge

(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 undersection 296A.07, subdivision 3, clause (3), and includes a proportional rate for each type of fuel taxed undersections 296A.07, subdivision 3, clauses (1) and (2), and296A.08, subdivision 2.

Subd. 3. Surcharge rate. (a) By May 1 each year, the commissioner of revenue shall calculate and publish a surcharge as provided in paragraph (b). The surcharge is imposed beginning July 1 of the year it is published through June 30 of the following year.

(b) 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.