as introduced - 82nd Legislature (2001 - 2002) Posted on 12/15/2009 12:00am
1.1 A bill for an act 1.2 relating to taxation; sales; requiring sales tax on 1.3 motor vehicles to be deposited in highway user tax 1.4 distribution fund; amending Minnesota Statutes 2001 1.5 Supplement, section 297B.09, subdivision 1. 1.6 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.7 Section 1. Minnesota Statutes 2001 Supplement, section 1.8 297B.09, subdivision 1, is amended to read: 1.9 Subdivision 1. [DEPOSIT OF REVENUES.](a)Money collected 1.10 and received under this chapter must be depositedas provided in1.11this subdivision.1.12(b) From July 1, 2001, to June 30, 2002, 30.86 percent of1.13the money collected and received must be depositedin the 1.14 highway user tax distribution fund, and the remaining money must1.15be deposited in the general fund. 1.16(c) On and after July 1, 2002, 32 percent of the money1.17collected and received must be deposited in the highway user tax1.18distribution fund, 20.5 percent must be deposited in the1.19metropolitan area transit fund under section 16A.88, and 1.251.20percent must be deposited in the greater Minnesota transit fund1.21under section 16A.88. In fiscal year 2004 and thereafter, two1.22percent of the money collected and received must be deposited in1.23the metropolitan area transit appropriation account under1.24section 16A.88. The remaining money must be deposited in the1.25general fund.2.1 [EFFECTIVE DATE.] This section is effective July 1, 2002.