Bill Text: MN SF200 | 2011-2012 | 87th Legislature | Introduced
Bill Title: School district referendum market value tax base modification; seasonal residential recreational tax modification
Spectrum: Bipartisan Bill
Status: (Introduced - Dead) 2011-02-02 - Referred to Taxes [SF200 Detail]
Download: Minnesota-2011-SF200-Introduced.html
1.2relating to public finance; altering school district referendum market value tax
1.3base; modifying taxation of seasonal recreational property;amending Minnesota
1.4Statutes 2010, sections 126C.01, subdivision 3; 275.025, subdivisions 1, 4;
1.5repealing Minnesota Statutes 2010, section 275.025, subdivision 3.
1.6BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.7 Section 1. Minnesota Statutes 2010, section 126C.01, subdivision 3, is amended to read:
1.8 Subd. 3. Referendum market value. "Referendum market value" means the market
1.9value of all taxable property, excluding property classified as class 2, noncommercial
1.104c(1), or 4c(4) under section
273.13 . The portion of class 2a property consisting of the
1.11house, garage, and surrounding one acre of land of an agricultural homestead is included
1.12in referendum market value. Any class of property, or any portion of a class of property,
1.13that is included in the definition of referendum market value and that has a class rate of
1.14less than one percent under section273.13 shall have a referendum market value equal
1.15to its net tax capacity multiplied by 100.
1.16EFFECTIVE DATE.This section is effective for taxes payable in 2012 and
1.17thereafter.
1.18 Sec. 2. Minnesota Statutes 2010, section 275.025, subdivision 1, is amended to read:
1.19 Subdivision 1. Levy amount. The state general levy is levied against
1.20commercial-industrial propertyand seasonal residential recreational property, as defined
1.21in this section. The state general levy base amount is $592,000,000 for taxes payable in
1.222002. For taxes payable in subsequent years, the levy base amount is increased each year
1.23by multiplying the levy base amount for the prior year by the sum of one plus the rate of
2.1increase, if any, in the implicit price deflator for government consumption expenditures
2.2and gross investment for state and local governments prepared by the Bureau of Economic
2.3Analysts of the United States Department of Commerce for the 12-month period ending
2.4March 31 of the year prior to the year the taxes are payable. The tax under this section is
2.5not treated as a local tax rate under section469.177 and is not the levy of a governmental
2.6unit under chapters 276A and 473F.
2.7The commissioner shall increase or decrease the preliminary or final rate for a year
2.8as necessary to account for errors and tax base changes that affected a preliminary or final
2.9rate for either of the two preceding years. Adjustments are allowed to the extent that the
2.10necessary information is available to the commissioner at the time the rates for a year must
2.11be certified, and for the following reasons:
2.12(1) an erroneous report of taxable value by a local official;
2.13(2) an erroneous calculation by the commissioner; and
2.14(3) an increase or decrease in taxable value for commercial-industrialor seasonal
2.15residential recreational property reported on the abstracts of tax lists submitted under
2.16section275.29 that was not reported on the abstracts of assessment submitted under
2.17section270C.89 for the same year.
2.18The commissioner may, but need not, make adjustments if the total difference in the tax
2.19levied for the year would be less than $100,000.
2.20EFFECTIVE DATE.This section is effective for taxes payable in 2012 and
2.21thereafter.
2.22 Sec. 3. Minnesota Statutes 2010, section 275.025, subdivision 4, is amended to read:
2.23 Subd. 4. Apportionment and levy of state general tax.Ninety-five percent of The
2.24state general tax must be levied by applying a uniform rate to all commercial-industrial tax
2.25capacityand five percent of the state general tax must be levied by applying a uniform rate
2.26to all seasonal residential recreational tax capacity. On or before October 1 each year, the
2.27commissioner of revenue shall certify the preliminary state general levyrates rate to each
2.28county auditor that must be used to prepare the notices of proposed property taxes for taxes
2.29payable in the following year. By January 1 of each year, the commissioner shall certify
2.30the final state general levy rate to each county auditor that shall be used in spreading taxes.
2.31EFFECTIVE DATE.This section is effective for taxes payable in 2012 and
2.32thereafter.
2.33 Sec. 4. REPEALER.
3.1Minnesota Statutes 2010, section 275.025, subdivision 3, is repealed.
3.2EFFECTIVE DATE.This section is effective for taxes payable in 2012 and
3.3thereafter.
1.3base; modifying taxation of seasonal recreational property;amending Minnesota
1.4Statutes 2010, sections 126C.01, subdivision 3; 275.025, subdivisions 1, 4;
1.5repealing Minnesota Statutes 2010, section 275.025, subdivision 3.
1.6BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.7 Section 1. Minnesota Statutes 2010, section 126C.01, subdivision 3, is amended to read:
1.8 Subd. 3. Referendum market value. "Referendum market value" means the market
1.9value of all taxable property, excluding property classified as class 2
1.10
1.11house, garage, and surrounding one acre of land of an agricultural homestead is included
1.12in referendum market value. Any class of property, or any portion of a class of property,
1.13that is included in the definition of referendum market value and that has a class rate of
1.14less than one percent under section
1.15to its net tax capacity multiplied by 100.
1.16EFFECTIVE DATE.This section is effective for taxes payable in 2012 and
1.17thereafter.
1.18 Sec. 2. Minnesota Statutes 2010, section 275.025, subdivision 1, is amended to read:
1.19 Subdivision 1. Levy amount. The state general levy is levied against
1.20commercial-industrial property
1.21in this section. The state general levy base amount is $592,000,000 for taxes payable in
1.222002. For taxes payable in subsequent years, the levy base amount is increased each year
1.23by multiplying the levy base amount for the prior year by the sum of one plus the rate of
2.1increase, if any, in the implicit price deflator for government consumption expenditures
2.2and gross investment for state and local governments prepared by the Bureau of Economic
2.3Analysts of the United States Department of Commerce for the 12-month period ending
2.4March 31 of the year prior to the year the taxes are payable. The tax under this section is
2.5not treated as a local tax rate under section
2.6unit under chapters 276A and 473F.
2.7The commissioner shall increase or decrease the preliminary or final rate for a year
2.8as necessary to account for errors and tax base changes that affected a preliminary or final
2.9rate for either of the two preceding years. Adjustments are allowed to the extent that the
2.10necessary information is available to the commissioner at the time the rates for a year must
2.11be certified, and for the following reasons:
2.12(1) an erroneous report of taxable value by a local official;
2.13(2) an erroneous calculation by the commissioner; and
2.14(3) an increase or decrease in taxable value for commercial-industrial
2.15
2.16section
2.17section
2.18The commissioner may, but need not, make adjustments if the total difference in the tax
2.19levied for the year would be less than $100,000.
2.20EFFECTIVE DATE.This section is effective for taxes payable in 2012 and
2.21thereafter.
2.22 Sec. 3. Minnesota Statutes 2010, section 275.025, subdivision 4, is amended to read:
2.23 Subd. 4. Apportionment and levy of state general tax.
2.24state general tax must be levied by applying a uniform rate to all commercial-industrial tax
2.25capacity
2.26
2.27commissioner of revenue shall certify the preliminary state general levy
2.28county auditor that must be used to prepare the notices of proposed property taxes for taxes
2.29payable in the following year. By January 1 of each year, the commissioner shall certify
2.30the final state general levy rate to each county auditor that shall be used in spreading taxes.
2.31EFFECTIVE DATE.This section is effective for taxes payable in 2012 and
2.32thereafter.
2.33 Sec. 4. REPEALER.
3.1Minnesota Statutes 2010, section 275.025, subdivision 3, is repealed.
3.2EFFECTIVE DATE.This section is effective for taxes payable in 2012 and
3.3thereafter.
