HF 3781

as introduced - 80th Legislature (1997 - 1998) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to taxation; apportioning mortgage and deed 
  1.3             registration taxes for property tax relief and other 
  1.4             purposes; amending Minnesota Statutes 1996, sections 
  1.5             287.12; and 287.21, subdivision 2. 
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  Minnesota Statutes 1996, section 287.12, is 
  1.8   amended to read: 
  1.9      287.12 [TAXES, HOW APPORTIONED.] 
  1.10     All taxes paid to the county treasurer under the provisions 
  1.11  of sections 287.01 to 287.12 shall be apportioned, 97 50 percent 
  1.12  to the general fund of the state, and three percent to the 
  1.13  county revenue fund for the costs of administration and 47 
  1.14  percent to a separate fund for: 
  1.15     (a) geographic information systems; 
  1.16     (b) cleanup and redevelopment of polluted land; 
  1.17     (c) economic development; 
  1.18     (d) development and redevelopment of housing; 
  1.19     (e) parks and open space; 
  1.20     (f) water quality and lakeshore improvement; and 
  1.21     (g) property tax relief. 
  1.22  At least one-half of the taxes retained by the county must be 
  1.23  used for property tax relief. 
  1.24     On or before the tenth day of each month the county 
  1.25  treasurer shall determine and pay to the commissioner of revenue 
  2.1   for deposit in the state treasury and credit to the general fund 
  2.2   the state's portion of the receipts from the mortgage 
  2.3   registration tax during the preceding month.  The county 
  2.4   treasurer shall provide any related reports requested by the 
  2.5   commissioner of revenue. 
  2.6      Sec. 2.  Minnesota Statutes 1996, section 287.21, 
  2.7   subdivision 2, is amended to read: 
  2.8      Subd. 2.  The proceeds of the taxes levied and collected 
  2.9   under sections 287.21 to 287.36 shall be apportioned, 97 50 
  2.10  percent to the general fund of the state, and three percent to 
  2.11  the county revenue fund for the costs of administration and 47 
  2.12  percent to a separate fund for: 
  2.13     (a) geographic information systems; 
  2.14     (b) cleanup and redevelopment of polluted land; 
  2.15     (c) economic development; 
  2.16     (d) development and redevelopment of housing; 
  2.17     (e) parks and open space; 
  2.18     (f) water quality and lakeshore improvement; and 
  2.19     (g) property tax relief. 
  2.20  At least one-half of the taxes retained by the county must be 
  2.21  used for property tax relief.  
  2.22     Sec. 3.  [EFFECTIVE DATE.] 
  2.23     Sections 1 and 2 are effective January 1, 1999.