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SF 1531

1st Engrossment - 92nd Legislature (2021 - 2022) Posted on 03/24/2022 11:33am

KEY: stricken = removed, old language.
underscored = added, new language.
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Current Version - 1st Engrossment

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A bill for an act
 relating to taxation; solid waste management; amending allocation of revenues
from solid waste management tax; amending Minnesota Statutes 2020, section
297H.13, subdivision 2.

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

Section 1.

Minnesota Statutes 2020, section 297H.13, subdivision 2, is amended to read:


Subd. 2.

Allocation of revenues.

(a) deleted text begin $33,760,000, or 70 percent, whichever is greater,deleted text end
Of the amounts remitted under this chapternew text begin , 75 percent in fiscal year 2023, 80 percent in
fiscal years 2024 and 2025, and 100 percent thereafternew text end must be credited to the environmental
fund established in section 16A.531, subdivision 1.

(b) The remainder new text begin in fiscal years 2023 to 2025 new text end must be deposited into the general fund.

new text begin (c) Beginning in fiscal year 2023 and continuing each year thereafter, the difference
between the amount deposited in the environmental fund under paragraph (a) and the amount
that would have been deposited under paragraph (a) before being amended by this act must
be expended on activities listed in section 115A.557, subdivision 2, paragraph (a), clauses
(1) to (7) and (9) to (11).
 new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
 new text end