as introduced - 79th Legislature (1995 - 1996) Posted on 12/15/2009 12:00am
Engrossments | ||
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Introduction | Posted on 08/14/1998 |
1.1 A bill for an act 1.2 relating to taxation; providing for allocation of 1.3 revenues of the sales tax on motor vehicles among the 1.4 general fund, highway user tax distribution fund, and 1.5 transit assistance fund; amending Minnesota Statutes 1.6 1994, section 297B.09, subdivision 1. 1.7 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.8 Section 1. Minnesota Statutes 1994, section 297B.09, 1.9 subdivision 1, is amended to read: 1.10 Subdivision 1. [GENERAL FUND AND TRANSPORTATION SHARE.] (a) 1.11 Money collected and received under this chapter must be 1.12 deposited in the state treasury and creditedto the general1.13fund. The amounts collected and received shall be credited as1.14provided in this subdivision, and transferred from the general1.15fund on July 15 and February 15 of each fiscal year. The1.16commissioner of finance must make each transfer based upon the1.17actual receipts of the preceding six calendar months and include1.18the interest earned during that six-month period. The1.19commissioner of finance may establish a quarterly or other1.20schedule providing for more frequent payments to the transit1.21assistance fund if the commissioner determines it is necessary1.22or desirable to provide for the cash flow needs of the1.23recipients of money from the transit assistance fund.1.24(b) Twenty-five percent of the money collected and received1.25under this chapter after June 30, 1990, and before July 1, 1991,1.26must be transferred to the highway user tax distribution fund2.1and the transit assistance fund for apportionment as follows:2.275 percent must be transferred to the highway user tax2.3distribution fund for apportionment in the same manner and for2.4the same purposes as other money in that fund, and the remaining2.525 percent of the money must be transferred to the transit2.6assistance fund to be appropriated to the commissioner of2.7transportation for transit assistance within the state and to2.8the metropolitan council.2.9(c) The distributions under this subdivision to the highway2.10user tax distribution fund until June 30, 1991, and to the trunk2.11highway fund thereafter, must be reduced by the amount necessary2.12to fund the appropriation under section 41A.09, subdivision 1.2.13For the fiscal years ending June 30, 1988, and June 30, 1989,2.14the commissioner of finance, before making the transfers2.15required on July 15 and January 15 of each year, shall estimate2.16the amount required to fund the appropriation under section2.1741A.09, subdivision 1, for the six-month period for which the2.18transfer is being made. The commissioner shall then reduce the2.19amount transferred to the highway user tax distribution fund by2.20the amount of that estimate. The commissioner shall reduce the2.21estimate for any six-month period by the amount by which the2.22estimate for the previous six-month period exceeded the amount2.23needed to fund the appropriation under section 41A.09,2.24subdivision 1, for that previous six-month period. If at any2.25time during a six-month period in those fiscal years the amount2.26of reduction in the transfer to the highway user tax2.27distribution fund is insufficient to fund the appropriation2.28under section 41A.09, subdivision 1, for that period, the2.29commissioner shall transfer to the general fund from the highway2.30user tax distribution fund an additional amount sufficient to2.31fund the appropriation for that period, but the additional2.32amount so transferred to the general fund in a six-month period2.33may not exceed the amount transferred to the highway user tax2.34distribution fund for that six-month period.as follows: 2.35 (1) from July 1, 1997 to June 30, 1999, 75 percent to the 2.36 general fund, 18.75 percent to the highway user tax distribution 3.1 fund, and 6.25 percent to the transit assistance fund; 3.2 (2) from July 1, 1999 to June 30, 2001, 50 percent to the 3.3 general fund, 37.5 percent to the highway user tax distribution 3.4 fund, and 12.5 percent to the transit assistance fund; 3.5 (3) from July 1, 2001 to June 30, 2003, 25 percent to the 3.6 general fund, 56.25 percent to the highway user tax distribution 3.7 fund, and 18.75 percent to the transit assistance fund; 3.8 (4) on and after July 1, 2003, 75 percent to the highway 3.9 user tax distribution fund and 25 percent to the transit 3.10 assistance fund. 3.11 Sec. 2. [EFFECTIVE DATE.] 3.12 Section 1 is effective July 1, 1997.