1.1.................... moves to amend H.F. No. 2032 as follows:
1.2Page 3, after line 9 insert:
1.3 "Sec. 2. Minnesota Statutes 2010, section 297A.815, subdivision 3, is amended to read:
1.4 Subd. 3.
Motor vehicle lease sales tax revenue. (a) For purposes of this
1.5subdivision, "net revenue" means an amount equal to:
1.6 (1) the revenues, including interest and penalties, collected under this section
and
1.7on the leases under section 297A.61, subdivision 4, paragraph (k), clause (3), during
1.8the fiscal year; less
1.9 (2) in fiscal year 2011, $30,100,000; in fiscal year 2012, $31,100,000; and in fiscal
1.10year 2013 and following fiscal years, $32,000,000.
1.11 (b) On or before June 30 of each fiscal year, the commissioner of revenue shall
1.12estimate the amount of the revenues and subtraction under paragraph (a) for the current
1.13fiscal year.
1.14 (c) On or after July 1 of the subsequent fiscal year, the commissioner of management
1.15and budget shall transfer the net revenue as estimated in paragraph (b) from the general
1.16fund, as follows:
1.17 (1) 50 percent to the greater Minnesota transit account; and
1.18 (2) 50 percent to the county state-aid highway fund. Notwithstanding any other law
1.19to the contrary, the commissioner of transportation shall allocate the funds transferred
1.20under this clause to the counties in the metropolitan area, as defined in section
473.121,
1.21subdivision 4, excluding the counties of Hennepin and Ramsey, so that each county shall
1.22receive of such amount the percentage that its population, as defined in section
477A.011,
1.23subdivision 3, estimated or established by July 15 of the year prior to the current calendar
1.24year, bears to the total population of the counties receiving funds under this clause.
1.25 (d) For fiscal years 2010 and 2011, the amount under paragraph (a), clause (1), must
1.26be calculated using the following percentages of the total revenues:
1.27 (1) for fiscal year 2010, 83.75 percent; and
2.1 (2) for fiscal year 2011, 93.75 percent.
2.2EFFECTIVE DATE.This section is effective for leases entered into after June
2.330, 2012."
2.4amend the title accordingly