HF 3305

as introduced - 81st Legislature (1999 - 2000) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to taxation; mortgage registry and deed; 
  1.3             providing for apportionment of tax proceeds between 
  1.4             the county and state; amending Minnesota Statutes 1999 
  1.5             Supplement, sections 287.12; and 287.29, subdivision 1.
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  Minnesota Statutes 1999 Supplement, section 
  1.8   287.12, is amended to read: 
  1.9      287.12 [TAXES, HOW APPORTIONED.] 
  1.10     (a) All taxes paid to the county treasurer under the 
  1.11  provisions of sections 287.01 to 287.12 must be apportioned, 97 
  1.12  50 percent to the general fund of the state, and three 50 
  1.13  percent to the county revenue fund. 
  1.14     (b) On or before the 20th day of each month the county 
  1.15  treasurer shall determine and pay to the commissioner of revenue 
  1.16  for deposit in the state treasury and credit to the general fund 
  1.17  the state's portion of the receipts from the mortgage registry 
  1.18  tax during the preceding month subject to the electronic funds 
  1.19  transfer requirements of section 270.771.  The county treasurer 
  1.20  shall provide any related reports requested by the commissioner 
  1.21  of revenue. 
  1.22     Sec. 2.  Minnesota Statutes 1999 Supplement, section 
  1.23  287.29, subdivision 1, is amended to read: 
  1.24     Subdivision 1.  [APPOINTMENT AND PAYMENT OF TAX PROCEEDS.] 
  1.25  (a) The proceeds of the taxes levied and collected under 
  2.1   sections 287.21 to 287.36 must be apportioned, 97 50 percent to 
  2.2   the general fund of the state, and three 50 percent to the 
  2.3   county revenue fund. 
  2.4      (b) On or before the 20th day of each month, the county 
  2.5   treasurer shall determine and pay to the commissioner of revenue 
  2.6   for deposit in the state treasury and credit to the general fund 
  2.7   the state's portion of the receipts for deed tax from the 
  2.8   preceding month subject to the electronic transfer requirements 
  2.9   of section 270.771.  The county treasurer shall provide any 
  2.10  related reports requested by the commissioner of revenue. 
  2.11     Sec. 3.  [EFFECTIVE DATE.] 
  2.12     Sections 1 and 2 are effective for tax proceeds collected 
  2.13  after June 30, 2000.