1.1                          A bill for an act 
  1.2             relating to taxation; providing for deposit of 
  1.3             revenues from sales tax on motor vehicles; removing 
  1.4             obsolete language; amending Minnesota Statutes 2003 
  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 2003 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, 2002, to June 30, 2003, 32 percent of the~~ 
  1.13  ~~money collected and received must be deposited in the highway~~ 
  1.14  ~~user tax distribution fund, 20.5 percent must be deposited in~~ 
  1.15  ~~the metropolitan area transit fund under section 16A.88, and~~ 
  1.16  ~~1.25 percent must be deposited in the greater Minnesota transit~~ 
  1.17  ~~fund under section 16A.88.  The remaining money must be~~ 
  1.18  ~~deposited in the general fund.~~ 
  1.19     ~~(c) From July 1, 2003, to June 30, 2007, 30~~ 27.18 percent 
  1.20  of the money collected and received must be deposited in the 
  1.21  highway user tax distribution fund, ~~21.5~~ 23.38 percent must be 
  1.22  deposited in the metropolitan area transit fund under section 
  1.23  16A.88, ~~1.43~~ 1.55 percent must be deposited in the greater 
  1.24  Minnesota transit fund under section 16A.88, ~~0.65~~ 1.3 percent 
  1.25  must be deposited in the county state-aid highway fund, and ~~0.17~~ 
  2.1   0.34 percent must be deposited in the municipal state-aid street 
  2.2   fund.  The remaining money must be deposited in the general fund.
  2.3      ~~(d) On and after July 1, 2007, 32 percent of the money~~ 
  2.4   ~~collected and received must be deposited in the highway user tax~~ 
  2.5   ~~distribution fund, 20.5 percent must be deposited in the~~ 
  2.6   ~~metropolitan area transit fund under section 16A.88, and 1.25~~ 
  2.7   ~~percent must be deposited in the greater Minnesota transit fund~~ 
  2.8   ~~under section 16A.88.  The remaining money must be deposited in~~ 
  2.9   ~~the general fund.~~ 
  2.10     <b>[EFFECTIVE DATE.]</b> This section is effective July 1, 2004.