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 deposited ~~as provided in~~ 
  1.11  ~~this subdivision.~~  
  1.12     ~~(b) From July 1, 2001, to June 30, 2002, 30.86 percent of~~ 
  1.13  ~~the money collected and received must be deposited~~ in the 
  1.14  highway user tax distribution fund~~, and the remaining money must~~ 
  1.15  ~~be deposited in the general fund~~.  
  1.16     ~~(c) On and after July 1, 2002, 32 percent of the money~~ 
  1.17  ~~collected and received must be deposited in the highway user tax~~ 
  1.18  ~~distribution fund, 20.5 percent must be deposited in the~~ 
  1.19  ~~metropolitan area transit fund under section 16A.88, and 1.25~~ 
  1.20  ~~percent must be deposited in the greater Minnesota transit fund~~ 
  1.21  ~~under section 16A.88.  In fiscal year 2004 and thereafter, two~~ 
  1.22  ~~percent of the money collected and received must be deposited in~~ 
  1.23  ~~the metropolitan area transit appropriation account under~~ 
  1.24  ~~section 16A.88.  The remaining money must be deposited in the~~ 
  1.25  ~~general fund.~~ 
  2.1      <b>[EFFECTIVE DATE.]</b> This section is effective July 1, 2002.