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HF 4118

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

KEY: stricken = removed, old language.
underscored = added, new language.
  1.1                          A bill for an act 
  1.2             relating to individual income taxation; allowing 
  1.3             taxpayers filing electronically to designate the use 
  1.4             of a portion of their tax liability; amending 
  1.5             Minnesota Statutes 1998, section 290.62; proposing 
  1.6             coding for new law in Minnesota Statutes, chapter 290. 
  1.8      Section 1.  Minnesota Statutes 1998, section 290.62, is 
  1.9   amended to read: 
  1.10     290.62 [DISTRIBUTION OF REVENUES.] 
  1.11     All revenues derived from the taxes, interest, penalties 
  1.12  and charges under this chapter shall, notwithstanding any other 
  1.13  provisions of law except as provided in section 290.624, be paid 
  1.14  into the state treasury and credited to the general fund, and be 
  1.15  distributed as follows: 
  1.16     (1) There shall, notwithstanding any other provision of the 
  1.17  law, be paid from this general fund all refunds of taxes 
  1.18  erroneously collected from taxpayers under this chapter as 
  1.19  provided herein; 
  1.20     (2) There is hereby appropriated to the persons entitled to 
  1.21  payment herein, from the fund or account in the state treasury 
  1.22  to which the money was credited, an amount sufficient to make 
  1.23  the refund and payment. 
  1.24     Sec. 2.  [290.624] [TAXPAYER DESIGNATION OF TAXES.] 
  1.25     Subdivision 1.  [AUTHORITY TO DESIGNATE.] An individual who 
  1.26  files a return electronically for a taxable year may designate 
  2.1   that an amount, not to exceed five percent of the total tax 
  2.2   liability including any penalties and interest, reported on the 
  2.3   return, be deposited in one or more accounts, as provided under 
  2.4   subdivision 2. 
  2.5      Subd. 2.  [SPECIAL ACCOUNTS.] The legislature shall 
  2.6   establish, by law, for not more than 30 accounts or funds in the 
  2.7   state treasury to receive amounts designated by taxpayers under 
  2.8   subdivision 1.  Each of these accounts and funds must be 
  2.9   designated for or dedicated to a program or category of programs 
  2.10  funded through the state general fund or another fund in the 
  2.11  state treasury.  Any amounts deposited in these accounts may 
  2.12  only be spent for the program or category of programs to or for 
  2.13  which the fund or account is designated or dedicated. 
  2.14     Subd. 3.  [DEPOSIT.] The commissioner of revenue shall 
  2.15  deposit revenues designated under the provisions of this section 
  2.16  in the appropriate account or fund as designated by the taxpayer.
  2.17     Sec. 3.  [EFFECTIVE DATE.] 
  2.18     This act is effective for taxable years beginning after 
  2.19  December 31, 2000.