Bill Text: MN HF579 | 2013-2014 | 88th Legislature | Introduced
Bill Title: Property tax relief provided, and equalization levies increased and indexed.
Sponsorship: Moderate Partisan Bill (Democrat 7-1)
Status: (Introduced - Dead) 2013-03-07 - Author added Bernardy [HF579 Detail]
Download: Minnesota-2013-HF579-Introduced.html
1.2relating to education; providing property tax relief; increasing and indexing
1.3equalization levies;amending Minnesota Statutes 2012, sections 123B.53, subdivision 5; 126C.10, subdivisions 29, 32; 126C.17, subdivision 6, by adding a subdivision.1.6BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.7 Section 1. Minnesota Statutes 2012, section 123B.53, subdivision 5, is amended to read:
1.8 Subd. 5. Equalized debt service levy. (a) The equalized debt service levy of a
1.9district equals the sum of the first tier equalized debt service levy and the second tier
1.10equalized debt service levy.
1.11(b) A district's first tier equalized debt service levy equals the district's first tier
1.12debt service equalization revenue times the lesser of one or the ratio of: the district's
1.13adjusted net tax capacity per resident marginal cost pupil unit to state first tier debt service
1.14equalizing factor. The state first tier debt service equalizing factor equals 150 percent of
1.15the quotient derived by dividing the total adjusted net tax capacity of all school districts in
1.16the state for the year before the levy is certified by the total number of adjusted marginal
1.17cost pupil units in all school districts in the state in the year before the levy is certified.
1.18(1) the quotient derived by dividing the adjusted net tax capacity of the district for
1.19the year before the year the levy is certified by the adjusted pupil units in the district for
1.20the school year ending in the year prior to the year the levy is certified; to
1.21(2) $3,049.
1.22(c) A district's second tier equalized debt service levy equals the district's second
1.23tier debt service equalization revenue times the lesser of one or the ratio of: the district's
1.24adjusted net tax capacity per resident marginal cost pupil unit to state first tier debt service
1.25equalizing factor. The state first tier debt service equalizing factor equals 200 percent of
2.1the quotient derived by dividing the total adjusted net tax capacity of all school districts in
2.2the state for the year before the levy is certified by the total number of adjusted marginal
2.3cost pupil units in all school districts in the state in the year before the levy is certified.
2.4(1) the quotient derived by dividing the adjusted net tax capacity of the district for
2.5the year before the year the levy is certified by the adjusted pupil units in the district for
2.6the school year ending in the year prior to the year the levy is certified; to
2.7(2) $7,622.
2.8EFFECTIVE DATE.This section is effective for revenue for fiscal year 2015
2.9and later.
2.10 Sec. 2. Minnesota Statutes 2012, section 126C.10, subdivision 29, is amended to read:
2.11 Subd. 29. Equity levy. To obtain equity revenue for fiscal year2005 2015 and later,
2.12a district may levy an amount not more than the product of its equity revenue for the
2.13fiscal year times the lesser of one or the ratio of its referendum market value per resident
2.14marginal cost pupil unit to$476,000 the state first tier referendum equalizing factor as
2.15defined in section 126C.17, subdivision 6a.
2.16EFFECTIVE DATE.This section is effective for revenue for fiscal year 2015
2.17and later.
2.18 Sec. 3. Minnesota Statutes 2012, section 126C.10, subdivision 32, is amended to read:
2.19 Subd. 32. Transition levy. To obtain transition revenue for fiscal year 2005 and
2.20later, a district may levy an amount not more than the product of its transition revenue
2.21for the fiscal year times the lesser of one or the ratio of its referendum market value per
2.22resident marginal cost pupil unit to$476,000 the state first tier referendum equalizing
2.23factor as defined in section 126C.17, subdivision 6a.
2.24EFFECTIVE DATE.This section is effective for revenue for fiscal year 2015
2.25and later.
2.26 Sec. 4. Minnesota Statutes 2012, section 126C.17, subdivision 6, is amended to read:
2.27 Subd. 6. Referendum equalization levy. (a)For fiscal year 2003 and later,
2.28 A district's referendum equalization levy equals the sum of the first tier referendum
2.29equalization levy and the second tier referendum equalization levy.
2.30(b) A district's first tier referendum equalization levy equals the district's first tier
2.31referendum equalization revenue times the lesser of one or the ratio of the district's
3.1referendum market value per resident marginal cost pupil unit to$476,000 the state first
3.2tier referendum equalizing factor as derived in subdivision 6a.
3.3(c) A district's second tier referendum equalization levy equals the district's second
3.4tier referendum equalization revenue times the lesser of one or the ratio of the district's
3.5referendum market value per resident marginal cost pupil unit to$270,000 the state second
3.6tier referendum equalizing factor as derived in subdivision 6a.
3.7EFFECTIVE DATE.This section is effective for revenue for fiscal year 2015
3.8and later.
3.9 Sec. 5. Minnesota Statutes 2012, section 126C.17, is amended by adding a subdivision
3.10to read:
3.11 Subd. 6a. State referendum equalizing factors. (a) The state first tier referendum
3.12equalizing factor equals 150 percent of the quotient derived by dividing the total
3.13referendum market value of all school districts in the state for the year before the levy is
3.14certified by the total number of resident marginal cost pupil units in all school districts in
3.15the state for the school year ending in the year before the levy is certified.
3.16(b) The state second tier referendum equalizing factor equals 100 percent of the
3.17quotient derived by dividing the total referendum market value of all school districts in
3.18the state for the year before the levy is certified by the total number of resident marginal
3.19cost pupil units in all school districts in the state for the school year ending in the year
3.20before the levy is certified.
3.21EFFECTIVE DATE.This section is effective for revenue for fiscal year 2015
3.22and later.
1.3equalization levies;amending Minnesota Statutes 2012, sections 123B.53, subdivision 5; 126C.10, subdivisions 29, 32; 126C.17, subdivision 6, by adding a subdivision.1.6BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.7 Section 1. Minnesota Statutes 2012, section 123B.53, subdivision 5, is amended to read:
1.8 Subd. 5. Equalized debt service levy. (a) The equalized debt service levy of a
1.9district equals the sum of the first tier equalized debt service levy and the second tier
1.10equalized debt service levy.
1.11(b) A district's first tier equalized debt service levy equals the district's first tier
1.12debt service equalization revenue times the lesser of one or the ratio of
1.13adjusted net tax capacity per resident marginal cost pupil unit to state first tier debt service
1.14equalizing factor. The state first tier debt service equalizing factor equals 150 percent of
1.15the quotient derived by dividing the total adjusted net tax capacity of all school districts in
1.16the state for the year before the levy is certified by the total number of adjusted marginal
1.17cost pupil units in all school districts in the state in the year before the levy is certified.
1.18
1.19
1.20
1.21
1.22(c) A district's second tier equalized debt service levy equals the district's second
1.23tier debt service equalization revenue times the lesser of one or the ratio of
1.24adjusted net tax capacity per resident marginal cost pupil unit to state first tier debt service
1.25equalizing factor. The state first tier debt service equalizing factor equals 200 percent of
2.1the quotient derived by dividing the total adjusted net tax capacity of all school districts in
2.2the state for the year before the levy is certified by the total number of adjusted marginal
2.3cost pupil units in all school districts in the state in the year before the levy is certified.
2.4
2.5
2.6
2.7
2.8EFFECTIVE DATE.This section is effective for revenue for fiscal year 2015
2.9and later.
2.10 Sec. 2. Minnesota Statutes 2012, section 126C.10, subdivision 29, is amended to read:
2.11 Subd. 29. Equity levy. To obtain equity revenue for fiscal year
2.12a district may levy an amount not more than the product of its equity revenue for the
2.13fiscal year times the lesser of one or the ratio of its referendum market value per resident
2.14marginal cost pupil unit to
2.15defined in section 126C.17, subdivision 6a.
2.16EFFECTIVE DATE.This section is effective for revenue for fiscal year 2015
2.17and later.
2.18 Sec. 3. Minnesota Statutes 2012, section 126C.10, subdivision 32, is amended to read:
2.19 Subd. 32. Transition levy. To obtain transition revenue for fiscal year 2005 and
2.20later, a district may levy an amount not more than the product of its transition revenue
2.21for the fiscal year times the lesser of one or the ratio of its referendum market value per
2.22resident marginal cost pupil unit to
2.23factor as defined in section 126C.17, subdivision 6a.
2.24EFFECTIVE DATE.This section is effective for revenue for fiscal year 2015
2.25and later.
2.26 Sec. 4. Minnesota Statutes 2012, section 126C.17, subdivision 6, is amended to read:
2.27 Subd. 6. Referendum equalization levy. (a)
2.28 A district's referendum equalization levy equals the sum of the first tier referendum
2.29equalization levy and the second tier referendum equalization levy.
2.30(b) A district's first tier referendum equalization levy equals the district's first tier
2.31referendum equalization revenue times the lesser of one or the ratio of the district's
3.1referendum market value per resident marginal cost pupil unit to
3.2tier referendum equalizing factor as derived in subdivision 6a.
3.3(c) A district's second tier referendum equalization levy equals the district's second
3.4tier referendum equalization revenue times the lesser of one or the ratio of the district's
3.5referendum market value per resident marginal cost pupil unit to
3.6tier referendum equalizing factor as derived in subdivision 6a.
3.7EFFECTIVE DATE.This section is effective for revenue for fiscal year 2015
3.8and later.
3.9 Sec. 5. Minnesota Statutes 2012, section 126C.17, is amended by adding a subdivision
3.10to read:
3.11 Subd. 6a. State referendum equalizing factors. (a) The state first tier referendum
3.12equalizing factor equals 150 percent of the quotient derived by dividing the total
3.13referendum market value of all school districts in the state for the year before the levy is
3.14certified by the total number of resident marginal cost pupil units in all school districts in
3.15the state for the school year ending in the year before the levy is certified.
3.16(b) The state second tier referendum equalizing factor equals 100 percent of the
3.17quotient derived by dividing the total referendum market value of all school districts in
3.18the state for the year before the levy is certified by the total number of resident marginal
3.19cost pupil units in all school districts in the state for the school year ending in the year
3.20before the levy is certified.
3.21EFFECTIVE DATE.This section is effective for revenue for fiscal year 2015
3.22and later.
