Minnesota Legislature
SF 1931
as introduced - 88th Legislature (2013 - 2014) Posted on 02/28/2014 08:31am
Current Version - as introduced
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A bill for an act
relating to transportation funding; allocating motor vehicle lease sales tax
revenue to county state-aid highway fund and greater Minnesota transit account;
amending Minnesota Statutes 2013 Supplement, section 297A.815, subdivision 3.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
Minnesota Statutes 2013 Supplement, section 297A.815, subdivision 3,
is amended to read:
Subd. 3.
Motor vehicle lease sales tax revenue.
(a) For purposes of this
subdivision, "net revenue" means an amount equal todeleted text begin :
deleted text end
deleted text begin (1)deleted text end the revenues, including interest and penalties, collected under this section, during
the fiscal yeardeleted text begin ; lessdeleted text end new text begin .
new text end
deleted text begin
(2) in fiscal year 2011, $30,100,000; in fiscal year 2012, $31,100,000; and in fiscal
year 2013 and following fiscal years, $32,000,000.
deleted text end
(b) On or before June 30 of each fiscal year, the commissioner of revenue shall
estimate the amount of the deleted text begin revenues and subtractiondeleted text end new text begin net revenue new text end under paragraph (a)
for the current fiscal year.
(c) On or after July 1 of the subsequent fiscal year, the commissioner of management
and budget shall transfer the net revenue as estimated in paragraph (b) from the general
fund, as follows:
(1) deleted text begin $9,000,000 annually until January 1, 2016, anddeleted text end 50 percent deleted text begin annually thereafterdeleted text end to
the county state-aid highway fund. Notwithstanding any other law to the contrary, the
commissioner of transportation shall allocate the funds transferred under this clause to the
counties in the metropolitan area, as defined in section 473.121, subdivision 4, excluding
the counties of Hennepin and Ramsey, so that each county shall receive of such amount
the percentage that its population, as defined in section 477A.011, subdivision 3, estimated
or established by July 15 of the year prior to the current calendar year, bears to the total
population of the counties receiving funds under this clause; and
(2) deleted text begin the remainderdeleted text end new text begin 50 percent new text end to the greater Minnesota transit account.
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective July 1, 2014.
new text end