1.1.................... moves to amend H.F. No. 2323, the delete everything amendment
1.2(A09-0462), as follows:
1.3Page 23, after line 17, insert

1.4    "Sec. 17. Minnesota Statutes 2008, section 290.06, is amended by adding a subdivision
1.5to read:
1.6    Subd. 2g. TEMPORARY SURTAX. (a) In addition to the tax computed under
1.7subdivision 2c and section 290.091, there is a surtax imposed on individuals, estates,
1.8and trusts. The surtax equals 2.5 percent of the tax computed under subdivision 2c and
1.9section 290.091.
1.10(b) On October 1, 2011, the commissioner of finance shall determine the amount of
1.11the state's unrestricted general fund balance at the close of the 2010-2011 biennium. If this
1.12amount is more than $700,000,000, the commissioner shall reduce the rate of the surtax in
1.13effect for taxable years beginning after December 31, 2010, and before January 1, 2012,
1.14so that the amount of revenue raised by the surtax results in a fund balance of no more
1.15than $700,000,000, provided that the rate so determined shall be rounded upward to the
1.16next one-tenth of one percent and no adjustment shall be required if the change in the rate
1.17of the surtax would be less than one-tenth of one percent.
1.18EFFECTIVE DATE.This section is effective for taxable years beginning after
1.19December 31, 2008."
1.20Page 48, line 31, delete "and 34"
1.21Page 121, delete section 25
1.22Page 141, delete section 10
1.23Page 142, delete section 11
1.24Page 150, delete section 1
1.25Page 151, delete section 4
1.26Page 153, delete section 8
1.27Page 154, delete sections 9 and 10
2.1Page 155, delete section 11
2.2Page 155, delete section 1
2.3Page 156, delete sections 2 and 3
2.4Page 174, delete section 28
2.5Page 175, delete section 29
2.6Renumber the sections in sequence and correct the internal references
2.7Amend the title accordingly