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Minnesota Legislature

Office of the Revisor of Statutes

SF 2462

as introduced - 91st Legislature (2019 - 2020) Posted on 03/15/2019 08:51am

KEY: stricken = removed, old language.
underscored = added, new language.

Current Version - as introduced

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A bill for an act
relating to taxation; gross revenues and gross receipts; repealing the repeal of the
MinnesotaCare provider taxes; amending Minnesota Statutes 2018, section 295.52,
subdivision 8; repealing Laws 2011, First Special Session chapter 9, article 6,
section 97, subdivision 6.

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

Section 1.

Minnesota Statutes 2018, section 295.52, subdivision 8, is amended to read:


Subd. 8.

Contingent reduction in tax rate.

(a) By December 1 of each year, beginning
in 2011, the commissioner of management and budget shall determine the projected balance
in the health care access fund for the biennium.

(b) If the commissioner of management and budget determines that the projected balance
in the health care access fund for the biennium reflects a ratio of revenues to expenditures
and transfers greater than 125 percent, and if the actual cash balance in the fund is adequate,
as determined by the commissioner of management and budget, the commissioner, in
consultation with the commissioner of revenue, shall reduce the tax rates levied under
subdivisions 1, 1a, 2, 3, and 4, for the subsequent calendar year sufficient to reduce the
structural balance in the fund. The rate may be reduced to the extent that the projected
revenues for the biennium do not exceed 125 percent of expenditures and transfers. The
new rate shall be rounded to the nearest one-tenth of one percent. The rate reduction under
this paragraph expires at the end of each calendar year and is subject to an annual
redetermination by the commissioner of management and budget.

(c) For purposes of the analysis defined in paragraph (b), the commissioner of
management and budget shall include projected revenuesdeleted text begin, notwithstanding the repeal of the
tax imposed under this section effective January 1, 2020
deleted 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

Sec. 2. new text beginREPEALER.
new text end

new text begin Laws 2011, First Special Session chapter 9, article 6, section 97, subdivision 6, new text end new text begin is
repealed.
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

APPENDIX

Repealed Minnesota Session Laws: 19-3437

Laws 2011, First Special Session chapter 9, article 6, section 97, subdivision 6

Sec. 97. new text begin REPEALER.new text end

new text begin Subd. 6. new text end

new text begin MinnesotaCare provider taxes. new text end

new text begin Minnesota Statutes 2010, sections 13.4967, subdivision 3; 295.50, subdivisions 1, 1a, 2, 2a, 3, 4, 6, 6a, 7, 9b, 9c, 10a, 10b, 12b, 13, 14, and 15; 295.51, subdivisions 1 and 1a; 295.52, subdivisions 1, 1a, 2, 3, 4, 4a, 5, 6, and 7; 295.53, subdivisions 1, 2, 3, and 4a; 295.54; 295.55; 295.56; 295.57; 295.58; 295.581; 295.582; and 295.59, new text end new text begin are repealed effective for gross revenues received after December 31, 2019. new text end