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HF 901

as introduced - 90th Legislature (2017 - 2018) Posted on 03/15/2017 12:58pm

KEY: stricken = removed, old language.
underscored = added, new language.
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Engrossments
Introduction Posted on 02/09/2017

Current Version - as introduced

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A bill for an act
 relating to taxation; modifying allocation of motor vehicle lease sales tax revenue;
amending Minnesota Statutes 2016, section 297A.815, subdivision 3.

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

Section 1.

Minnesota Statutes 2016, section 297A.815, subdivision 3, is amended to read:


Subd. 3.

Motor vehicle lease sales tax revenue.

(a) deleted text begin For purposes of this subdivision,
"net revenue" means an amount equal to the revenues, including interest and penalties,
collected under this section, during the fiscal year; less $32,000,000 in each fiscal year.
deleted text end

deleted text begin (b)deleted text end On or before June 30 of each fiscal year, the commissioner of revenue shall estimate
the amount of deleted text begin the net revenuedeleted text end new text begin revenues, including interest and penalties, collected under
this sectionnew text end for the current fiscal year.

deleted text begin (c)deleted text end new text begin (b)new text end On or after July 1 of the subsequent fiscal year, the commissioner of management
and budget shall transfer the deleted text begin net revenue asdeleted text end new text begin revenuesnew text end estimated in paragraph deleted text begin (b)deleted text end new text begin (a)new text end from
the general funddeleted text begin ,deleted text end as follows:

(1) deleted text begin $9,000,000 annually until January 1, 2015, anddeleted text end 50 percent deleted text begin annually thereafterdeleted text end to the
county state-aid highway fund. Notwithstanding any other law to the contrary, the
commissioner of transportation shall allocate the funds transferred under this clause to the
counties in the metropolitan area, as defined in section 473.121, subdivision 4, excluding
the counties of Hennepin and Ramsey, so that each county shall receive of such amount the
percentage that its population, as defined in section 477A.011, subdivision 3, estimated or
established by July 15 of the year prior to the current calendar year, bears to the total
population of the counties receiving funds under this clause; and

(2) deleted text begin the remainderdeleted text end new text begin 50 percentnew text end to the greater Minnesota transit account.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective July 1, 2017.
 new text end