US Laws, Codes, Statutes & Cases

     287.29 Payment of receipts to state general fund; 
  reports. 

    Subdivision 1.    Appointment and payment of tax proceeds. 
  (a) The proceeds of the taxes levied and collected under 
 sections 287.21 to 287.39 must be apportioned, 97 percent to the 
 general fund of the state, and three percent to the county 
 revenue fund. 

    (b) On or before the 20th day of each month, the county 
 treasurer shall determine and pay to the commissioner of revenue 
 for deposit in the state treasury and credit to the general fund 
 the state's portion of the receipts for deed tax from the 
 preceding month subject to the electronic transfer requirements 
 of section 270C.42.  The county treasurer shall provide any 
 related reports requested by the commissioner of revenue. 

    (c) Counties must remit the state's portion of the June 
 receipts collected through June 25 and the estimated state's 
 portion of the receipts to be collected during the remainder of 
 the month to the commissioner of revenue two business days 
 before June 30 of each year.  The remaining amount of the June 
 receipts is due on August 20. 

    Subd. 2. Repealed, 1981 c 164 s 12 

    Subd. 3. Repealed, 1Sp1985 c 14 art 11 s 13 

    HIST: 1961 c 647 s 9; 1969 c 399 s 1; 1973 c 582 s 3; 1981 c 
 164 s 2; 1Sp1985 c 14 art 11 s 10; 1Sp1986 c 1 art 4 s 37; 
 1Sp1989 c 1 art 3 s 25; 1990 c 480 art 7 s 24; 1999 c 31 s 18; 
 2000 c 260 s 49; 1Sp2003 c 21 art 9 s 5; 2005 c 151 art 2 s 17 

Copyright 2005 by the Office of Revisor of Statutes, State of Minnesota.