SF 175

as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am

A bill for an act
relating to taxation; motor vehicle sales; providing for transitional deposits of
proceeds of motor vehicle sales tax to highway user fund and transit funds;
amending Minnesota Statutes 2006, section 297B.09, subdivision 1.

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

Section 1.

Minnesota Statutes 2006, section 297B.09, subdivision 1, is amended to read:

Subdivision 1.

Deposit of revenues.

(a) Money collected and received under this
chapter must be deposited as provided in this subdivision.

deleted text begin (b) From July 1, 2002, to June 30, 2003, 32 percent of the money collected and
received must be deposited in the highway user tax distribution fund, 20.5 percent must be
deposited in the metropolitan area transit fund under section , and 1.25 percent
must be deposited in the greater Minnesota transit fund under section . The
remaining money must be deposited in the general fund.
deleted text end

deleted text begin (c) From July 1, 2003, to June 30, 2007, 30 percent of the money collected and
received must be deposited in the highway user tax distribution fund, 21.5 percent must be
deposited in the metropolitan area transit fund under section , 1.43 percent must be
deposited in the greater Minnesota transit fund under section , 0.65 percent must
be deposited in the county state-aid highway fund, and 0.17 percent must be deposited
in the municipal state-aid street fund. The remaining money must be deposited in the
general fund.
deleted text end

deleted text begin (d) On and after July 1, 2007, 32 percent of the money collected and received must
be deposited in the highway user tax distribution fund, 20.5 percent must be deposited
in the metropolitan area transit fund under section , and 1.25 percent must be
deposited in the greater Minnesota transit fund under section . The remaining
money must be deposited in the general fund.
deleted text end

new text begin (b) From July 1, 2007, through June 30, 2008, 38.25 percent must be deposited in the
highway user tax distribution fund, 22.25 percent must be deposited in the metropolitan
area transit fund, and 3.25 percent must be deposited in the greater Minnesota transit fund.
The remaining money must be deposited in the general fund.
new text end

new text begin (c) From July 1, 2008, through June 30, 2009, 44.25 percent must be deposited in the
highway user tax distribution fund, 25.75 percent must be deposited in the metropolitan
area transit fund, and 3.75 percent must be deposited in the greater Minnesota transit fund.
The remaining money must be deposited in the general fund.
new text end

new text begin (d) From July 1, 2009, through June 30, 2010, 50.25 percent must be deposited in the
highway user tax distribution fund, 29.25 percent must be deposited in the metropolitan
area transit fund, and 4.25 percent must be deposited in the greater Minnesota transit fund.
The remaining money must be deposited in the general fund.
new text end

new text begin (e) From July 1, 2010, through June 30, 2011, 56.25 percent must be deposited in the
highway user tax distribution fund, 32.75 percent must be deposited in the metropolitan
area transit fund, and 4.75 percent must be deposited in the greater Minnesota transit fund.
The remaining money must be deposited in the general fund.
new text end

new text begin (f) On and after July 1, 2011, 60 percent must be deposited in the highway user tax
distribution fund, 35 percent must be deposited in the metropolitan area transit fund, and
five percent must be deposited in the greater Minnesota transit fund.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective July 1, 2007.
new text end