SF 1049

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; providing for deposit of in-lieu 
  1.3             tax on lottery tickets in the game and fish fund; 
  1.4             amending Minnesota Statutes 1998, section 297A.44, 
  1.5             subdivision 1. 
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  Minnesota Statutes 1998, section 297A.44, 
  1.8   subdivision 1, is amended to read: 
  1.9      Subdivision 1.  (a) Except as provided in paragraphs (b) to 
  1.10  (d) (e), all revenues, including interest and penalties, derived 
  1.11  from the excise and use taxes imposed by sections 297A.01 to 
  1.12  297A.44 shall be deposited by the commissioner in the state 
  1.13  treasury and credited to the general fund.  
  1.14     (b) All excise and use taxes derived from sales and use of 
  1.15  property and services purchased for the construction and 
  1.16  operation of an agricultural resource project, from and after 
  1.17  the date on which a conditional commitment for a loan guaranty 
  1.18  for the project is made pursuant to section 41A.04, subdivision 
  1.19  3, shall be deposited in the Minnesota agricultural and economic 
  1.20  account in the special revenue fund.  The commissioner of 
  1.21  finance shall certify to the commissioner the date on which the 
  1.22  project received the conditional commitment.  The amount 
  1.23  deposited in the loan guaranty account shall be reduced by any 
  1.24  refunds and by the costs incurred by the department of revenue 
  1.25  to administer and enforce the assessment and collection of the 
  2.1   taxes.  
  2.2      (c) All revenues, including interest and penalties, derived 
  2.3   from the excise and use taxes imposed on sales and purchases 
  2.4   included in section 297A.01, subdivision 3, paragraphs (d) and 
  2.5   (k), clauses (1) and (2), must be deposited by the commissioner 
  2.6   in the state treasury, and credited as follows: 
  2.7      (1) first to the general obligation special tax bond debt 
  2.8   service account in each fiscal year the amount required by 
  2.9   section 16A.661, subdivision 3, paragraph (b); and 
  2.10     (2) after the requirements of clause (1) have been met, the 
  2.11  balance must be credited to the general fund. 
  2.12     (d) The revenues, including interest and penalties, 
  2.13  collected under section 297A.135, subdivision 5, shall be 
  2.14  deposited by the commissioner in the state treasury and credited 
  2.15  to the general fund.  By July 15 of each year the commissioner 
  2.16  shall transfer to the highway user tax distribution fund an 
  2.17  amount equal to the excess fees collected under section 
  2.18  297A.135, subdivision 5, for the previous calendar year. 
  2.19     (e) The revenues, including interest and penalties, 
  2.20  transmitted to the commissioner under section 297A.259, shall be 
  2.21  deposited by the commissioner in the state treasury and credited 
  2.22  to the game and fish fund. 
  2.23     Sec. 2.  [EFFECTIVE DATE.] 
  2.24     Section 1 is effective for revenues transmitted to the 
  2.25  commissioner after June 30, 1999.