HF 1785

as introduced - 93rd Legislature (2023 - 2024) Posted on 02/15/2023 09:11am

A bill for an act
relating to taxation; modifying the allocation of revenues from the solid waste
management tax; amending Minnesota Statutes 2022, section 297H.13, subdivision
2.

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

Section 1.

Minnesota Statutes 2022, section 297H.13, subdivision 2, is amended to read:

Subd. 2.

Allocation of revenues.

(a) $33,760,000, or 70 percent, whichever is greater,
Of the amounts remitted under this chapter must be, the percentage credited to the
environmental fund established in section 16A.531, subdivision 1, must be increased in
equal increments beginning in fiscal year 2024 to reach 100 percent in fiscal year 2026 and
thereafter.

(b) The remainder in fiscal years 2024 and 2025 must be deposited into the general fund.

(c) Beginning in fiscal year 2024 and continuing each year thereafter, the difference
between the amount deposited in the environmental fund under paragraph (a) and the amount
that would have been deposited under paragraph (a) before being amended by this act must
be expended on activities listed in section 115A.557, subdivision 2, paragraph (a), clauses
(1) to (7) and (9) to (11).

EFFECTIVE DATE.

This section is effective the day following final enactment.