SF 488

as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am

A bill for an act
relating to finance; proposing an amendment to the Minnesota Constitution,
article XI; increasing the sales tax rate by three-eighths of one percent and
dedicating the receipts to a special fund to be appropriated by law.

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

Section 1. new text begin CONSTITUTIONAL AMENDMENT PROPOSED.
new text end

new text begin An amendment to the Minnesota Constitution is proposed to the people. If the
amendment is adopted, a section will be added to article XI, to read:
new text end

new text begin Sec. 15. new text end

new text begin From July 1, 2009, to June 30, 2034, the sales and use tax rate is increased by
three-eighths of one percent on sales and uses taxable under the general state sales and
use tax law. Receipts from the increase, plus penalties and interest and reduced by any
refunds, must be credited to a special fund in the state treasury and appropriated by law.
new text end

Sec. 2. new text begin SUBMISSION TO VOTERS.
new text end

new text begin The proposed amendment must be submitted to the people at the 2008 general
election. The question submitted must be:
new text end

new text begin "Shall the Minnesota Constitution be amended to increase the sales and use tax rate
by three-eighths of one percent until the year 2034 and credit the increased receipts to a
special fund to be appropriated by law?
new text end

new text begin Yes ....... new text end

new text begin No ......." new text end