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Minnesota Legislature

Office of the Revisor of Statutes

SF 2820

as introduced - 91st Legislature (2019 - 2020) Posted on 04/11/2019 08:44am

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

Current Version - as introduced

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A bill for an act
relating to transportation; taxation; establishing a reserve account for Department
of Transportation projects approved by the legislature; establishing a transportation
projects reserve account tax checkoff; appropriating money; amending Minnesota
Statutes 2018, section 270C.445, by adding a subdivision; proposing coding for
new law in Minnesota Statutes, chapters 174; 290.

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

Section 1.

new text begin [174.565] TRANSPORTATION PROJECTS RESERVE ACCOUNT.
new text end

new text begin A transportation projects reserve account is established in the special revenue fund. The
account consists of funds as provided by law and any other money donated, allotted,
transferred, or otherwise provided to the account, excluding bond proceeds authorized by
articles XI and XIV of the Minnesota Constitution. To the extent funds are available, money
in the account is appropriated to the Department of Transportation for transportation projects
that have been approved by the legislature, that are underway, and whose costs are not
adequately funded by existing appropriations.
new text end

Sec. 2.

Minnesota Statutes 2018, section 270C.445, is amended by adding a subdivision
to read:


new text begin Subd. 5c. new text end

new text begin Transportation projects reserve account checkoff. new text end

new text begin A tax preparer must give
written notice of the option to contribute to the transportation projects reserve account under
section 174.565 to corporate clients that file an income tax return and to individual clients
who file an income tax return or property tax refund claim form. This notification must be
included with information sent to the client at the same time as the preliminary worksheets
or other documents used in preparing the client's return and must include a line for displaying
contributions.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for taxable years beginning after December
31, 2018.
new text end

Sec. 3.

new text begin [290.433] TRANSPORTATION PROJECTS RESERVE ACCOUNT
CHECKOFF.
new text end

new text begin (a) An individual who files an income tax return or property tax refund claim form, or
a corporation that files an income tax return, may designate on the filer's original return that
$10 or more shall be added to the tax or deducted from the refund that would otherwise be
payable by or to that individual or corporation and paid into the transportation projects
reserve account under section 174.565. The commissioner of revenue shall, on the income
tax return and the property tax refund claim form, notify filers of their right to designate
that a portion of their tax or refund shall be paid into the transportation projects reserve
account. The sum of the amounts so designated to be paid shall be credited to the
transportation projects reserve account for use by the Department of Transportation in
accordance with section 174.565. All interest earned on money accrued, contributions to
the account, and reimbursement of expenditures must be credited to the account by the
commissioner of management and budget. The amounts contributed to the account do not
lapse or cancel each year, but remain until appropriated to the Department of Transportation
under section 174.565.
new text end

new text begin (b) The state pledges and agrees with all contributors under this section to the
transportation projects reserve account to use the funds contributed solely to fund the
transportation projects reserve account and further agrees that it will not impose additional
conditions or restrictions that will limit or otherwise restrict the ability of the Department
of Transportation to use the available funds for authorized transportation projects.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for taxable years beginning after December
31, 2018.
new text end

Sec. 4. new text beginAPPROPRIATION; TRANSPORTATION PROJECTS RESERVE
ACCOUNT.
new text end

new text begin $10,000,000 in fiscal year 2020 and $10,000,000 in fiscal year 2021 are appropriated
from the general fund to the transportation projects reserve account under Minnesota Statutes,
section 174.565.
new text end