1999 Minnesota Code
Chapters 296 - 299 Excise and Sales Taxes
Chapter 297A General Sales and Use Taxes
Section 297A.44 Deposit of revenues; costs of administration; appropriation.

297A.44 Deposit of revenues; costs of administration; appropriation.

Subdivision 1. (a) Except as provided in paragraphs (b) to (d), all revenues, including interest and penalties, derived from the excise and use taxes imposed by sections 297A.01 to 297A.44 shall be deposited by the commissioner in the state treasury and credited to the general fund.

(b) All excise and use taxes derived from sales and use of property and services purchased for the construction and operation of an agricultural resource project, from and after the date on which a conditional commitment for a loan guaranty for the project is made pursuant to section 41A.04, subdivision 3, shall be deposited in the Minnesota agricultural and economic account in the special revenue fund. The commissioner of finance shall certify to the commissioner the date on which the project received the conditional commitment. The amount deposited in the loan guaranty account shall be reduced by any refunds and by the costs incurred by the department of revenue to administer and enforce the assessment and collection of the taxes.

(c) All revenues, including interest and penalties, derived from the excise and use taxes imposed on sales and purchases included in section 297A.01, subdivision 3, paragraphs (d) and (k), clauses (1) and (2), must be deposited by the commissioner in the state treasury, and credited as follows:

(1) first to the general obligation special tax bond debt service account in each fiscal year the amount required by section 16A.661, subdivision 3, paragraph (b); and

(2) after the requirements of clause (1) have been met, the balance must be credited to the general fund.

(d) The revenues, including interest and penalties, collected under section 297A.135, subdivision 5, shall be deposited by the commissioner in the state treasury and credited to the general fund. By July 15 of each year the commissioner shall transfer to the highway user tax distribution fund an amount equal to the excess fees collected under section 297A.135, subdivision 5, for the previous calendar year.

Subd. 2. Repealed, 1990 c 480 art 1 s 45

Subd. 3. Repealed, 1969 c 399 s 51

Subd. 4. Repealed, 1994 c 587 art 2 s 22

HIST: Ex1967 c 32 art 13 s 44; 1969 c 399 s 38,39; 1984 c 502 art 10 s 8; 1987 c 386 art 9 s 21; 1987 c 400 s 53; 1988 c 633 s 6; 1989 c 335 art 4 s 80; 1Sp1989 c 1 art 19 s 6; 1991 c 291 art 2 s 11,12; 1994 c 587 art 2 s 16; 1996 c 471 art 9 s 10; 1997 c 31 art 2 s 47; 1997 c 231 art 13 s 5; 3Sp1997 c 3 s 24