Bill Text: MN HF1932 | 2013-2014 | 88th Legislature | Introduced
Bill Title: State general levy phased out over six years.
Sponsorship: Partisan Bill (Republican 12)
Status: (Introduced - Dead) 2014-03-04 - Referred by Chair to Property and Local Tax Division [HF1932 Detail]
Download: Minnesota-2013-HF1932-Introduced.html
1.2relating to taxation; property; phasing out the state general levy over six years;
1.3amending Minnesota Statutes 2012, section 275.025, subdivision 1.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. Minnesota Statutes 2012, section 275.025, subdivision 1, is amended to read:
1.6 Subdivision 1. Levy amount. The state general levy is levied against
1.7commercial-industrial property and seasonal residential recreational property, as defined in
1.8this section. The state general levybase amount is $592,000,000 $700,500,000 for taxes
1.9payable in2002 2014. For taxes payable in subsequent years, the levy base amount is
1.10increased reduced each year by multiplying the levy base amount for the prior year by the
1.11sum of one plus the rate of increase, if any, in the implicit price deflator for government
1.12consumption expenditures and gross investment for state and local governments prepared
1.13by the Bureau of Economic Analysts of the United States Department of Commerce for
1.14the 12-month period ending March 31 of the year prior to the year the taxes are payable
1.15 $140,100,000. For taxes payable in 2019 and thereafter, the levy amount is zero. The tax
1.16under this section is not treated as a local tax rate under section469.177 and is not the
1.17levy of a governmental unit under chapters 276A and 473F.
1.18The commissioner shall increase or decrease the preliminary or final rate for a year
1.19as necessary to account for errors and tax base changes that affected a preliminary or final
1.20rate for either of the two preceding years. Adjustments are allowed to the extent that the
1.21necessary information is available to the commissioner at the time the rates for a year must
1.22be certified, and for the following reasons:
1.23(1) an erroneous report of taxable value by a local official;
1.24(2) an erroneous calculation by the commissioner; and
2.1(3) an increase or decrease in taxable value for commercial-industrial or seasonal
2.2residential recreational property reported on the abstracts of tax lists submitted under
2.3section275.29 that was not reported on the abstracts of assessment submitted under
2.4section270C.89 for the same year.
2.5The commissioner may, but need not, make adjustments if the total difference in the tax
2.6levied for the year would be less than $100,000.
2.7EFFECTIVE DATE.This section is effective beginning with taxes payable in 2014.
1.3amending Minnesota Statutes 2012, section 275.025, subdivision 1.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. Minnesota Statutes 2012, section 275.025, subdivision 1, is amended to read:
1.6 Subdivision 1. Levy amount. The state general levy is levied against
1.7commercial-industrial property and seasonal residential recreational property, as defined in
1.8this section. The state general levy
1.9payable in
1.10
1.11
1.12
1.13
1.14
1.15 $140,100,000. For taxes payable in 2019 and thereafter, the levy amount is zero. The tax
1.16under this section is not treated as a local tax rate under section
1.17levy of a governmental unit under chapters 276A and 473F.
1.18The commissioner shall increase or decrease the preliminary or final rate for a year
1.19as necessary to account for errors and tax base changes that affected a preliminary or final
1.20rate for either of the two preceding years. Adjustments are allowed to the extent that the
1.21necessary information is available to the commissioner at the time the rates for a year must
1.22be certified, and for the following reasons:
1.23(1) an erroneous report of taxable value by a local official;
1.24(2) an erroneous calculation by the commissioner; and
2.1(3) an increase or decrease in taxable value for commercial-industrial or seasonal
2.2residential recreational property reported on the abstracts of tax lists submitted under
2.3section
2.4section
2.5The commissioner may, but need not, make adjustments if the total difference in the tax
2.6levied for the year would be less than $100,000.
2.7EFFECTIVE DATE.This section is effective beginning with taxes payable in 2014.
