1.1 .................... moves to amend H. F. No. 3976, the delete everything amendment
1.2(H3976DE2), as follows:
1.3Page 43, after line 15, insert:
1.4 "Sec. 11. Minnesota Statutes 2006, section 295.52, is amended by adding a subdivision
1.5to read:
1.6 Subd. 8. Contingent reduction in tax rate. On September 1 of each odd-numbered
1.7year, beginning September 1, 2007, the commissioner of finance shall determine the
1.8projected balance of the health care access fund as of the end of the current biennium,
1.9based on the most recent February forecast adjusted for any legislative session changes.
1.10If the commissioner projects a surplus in the health care access fund as of the end of the
1.11current biennium, the commissioner of finance, in consultation with the commissioner of
1.12revenue, shall reduce the tax rates specified in subdivisions 1, 1a, 2, 3, and 4 in one-tenth
1.13of one percent increments, making the largest reduction in tax rates consistent with
1.14ensuring that the health care access fund retains a surplus as of the end of the current
1.15biennium. The reduced tax rates shall take effect on the January 1 that immediately
1.16follows the September 1 on which the commissioner determines the projected balance
1.17and shall remain in effect for two tax years. The tax rates specified in subdivisions 1, 1a,
1.182, 3, and 4 shall apply for subsequent tax years, unless the commissioner, based on a
1.19determination of the projected balance of the health care access fund made on September
1.201 of an odd-numbered year, reduces the tax rates. If the commissioner does not project a
1.21surplus in the health care access fund as of the end of the current biennium, the tax rates
1.22specified in subdivisions 1, 1a, 2, 3, and 4 shall continue to apply. The commissioner of
1.23finance shall publish in the State Register by October 1 of each odd-numbered year the
1.24amount of tax to be imposed for the next two calendar years."
1.25Renumber the sections in sequence and correct the internal references
1.26Amend the title accordingly