Bill Text: MN HF747 | 2013-2014 | 88th Legislature | Introduced
Bill Title: Referendum market value definition modified, and state general levy modified.
Sponsorship: Moderate Partisan Bill (Democrat 5-1)
Status: (Introduced - Dead) 2013-02-22 - Referred by Chair to Property and Local Tax Division [HF747 Detail]
Download: Minnesota-2013-HF747-Introduced.html
1.2relating to taxation; property; modifying the definition of referendum market
1.3value; modifying the state general levy; amending Minnesota Statutes 2012,
1.4sections 126C.01, subdivision 3; 275.025, subdivisions 1, 4; repealing Minnesota
1.5Statutes 2012, section 275.025, subdivision 3.
1.6BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.7 Section 1. Minnesota Statutes 2012, section 126C.01, subdivision 3, is amended to read:
1.8 Subd. 3. Referendum market value. "Referendum market value" means the
1.9market value of all taxable property, excluding property classified as class 2, or 4c(4), or
1.104c(12) under section
273.13 . The portion of class 2a property consisting of the house,
1.11garage, and surrounding one acre of land of an agricultural homestead is included in
1.12referendum market value. For the purposes of this subdivision, in the case of class 1a,
1.131b, or 2a property, "market value" means the value prior to the exclusion under section
1.14273.13, subdivision 35
. Any class of property, or any portion of a class of property, that is
1.15included in the definition of referendum market value and that has a class rate of less than
1.16one percent under section273.13 shall have a referendum market value equal to its market
1.17value times its class rate, multiplied by 100.
1.18EFFECTIVE DATE.This section is effective for taxes payable in 2014 and
1.19thereafter.
1.20 Sec. 2. Minnesota Statutes 2012, section 275.025, subdivision 1, is amended to read:
1.21 Subdivision 1. Levy amount. The state general levy is levied against
1.22commercial-industrial propertyand seasonal residential recreational property, as defined in
1.23this section. The state general levy base amount is$592,000,000 $809,232,172 for taxes
2.1payable in2002 2014. For taxes payable in subsequent years, the levy base amount is
2.2increased each year by multiplying the levy base amount for the prior year by the sum
2.3of one plus the rate of increase, if any, in the implicit price deflator for government
2.4consumption expenditures and gross investment for state and local governments prepared
2.5by the Bureau of Economic Analysts of the United States Department of Commerce for
2.6the 12-month period ending March 31 of the year prior to the year the taxes are payable.
2.7The tax under this section is not treated as a local tax rate under section469.177 and is not
2.8the levy of a governmental unit under chapters 276A and 473F.
2.9The commissioner shall increase or decrease the preliminary or final rate for a year
2.10as necessary to account for errors and tax base changes that affected a preliminary or final
2.11rate for either of the two preceding years. Adjustments are allowed to the extent that the
2.12necessary information is available to the commissioner at the time the rates for a year must
2.13be certified, and for the following reasons:
2.14(1) an erroneous report of taxable value by a local official;
2.15(2) an erroneous calculation by the commissioner; and
2.16(3) an increase or decrease in taxable value for commercial-industrial or seasonal
2.17residential recreational property reported on the abstracts of tax lists submitted under
2.18section275.29 that was not reported on the abstracts of assessment submitted under
2.19section270C.89 for the same year.
2.20The commissioner may, but need not, make adjustments if the total difference in the tax
2.21levied for the year would be less than $100,000.
2.22EFFECTIVE DATE.This section is effective for taxes payable in 2014.
2.23 Sec. 3. Minnesota Statutes 2012, section 275.025, subdivision 4, is amended to read:
2.24 Subd. 4. Apportionment and levy of state general tax.Ninety-five percent of The
2.25state general tax must be levied by applying auniform rate to all commercial-industrial tax
2.26capacityand five percent of the state general tax must be levied by applying a uniform rate
2.27to all seasonal residential recreational tax capacity. On or before October 1 each year,
2.28the commissioner of revenue shall certify the preliminary state general levy rates to each
2.29county auditor that must be used to prepare the notices of proposed property taxes for taxes
2.30payable in the following year. By January 1 of each year, the commissioner shall certify
2.31the final state general levy rate to each county auditor that shall be used in spreading taxes.
2.32EFFECTIVE DATE.This section is effective for taxes payable in 2014.
2.33 Sec. 4. REPEALER.
3.1Minnesota Statutes 2012, section 275.025, subdivision 3, is repealed.
3.2EFFECTIVE DATE.This section is effective the day following final enactment.
1.3value; modifying the state general levy; amending Minnesota Statutes 2012,
1.4sections 126C.01, subdivision 3; 275.025, subdivisions 1, 4; repealing Minnesota
1.5Statutes 2012, section 275.025, subdivision 3.
1.6BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.7 Section 1. Minnesota Statutes 2012, section 126C.01, subdivision 3, is amended to read:
1.8 Subd. 3. Referendum market value. "Referendum market value" means the
1.9market value of all taxable property, excluding property classified as class 2
1.10
1.11garage, and surrounding one acre of land of an agricultural homestead is included in
1.12referendum market value. For the purposes of this subdivision, in the case of class 1a,
1.131b, or 2a property, "market value" means the value prior to the exclusion under section
1.15included in the definition of referendum market value and that has a class rate of less than
1.16one percent under section
1.17value times its class rate, multiplied by 100.
1.18EFFECTIVE DATE.This section is effective for taxes payable in 2014 and
1.19thereafter.
1.20 Sec. 2. Minnesota Statutes 2012, section 275.025, subdivision 1, is amended to read:
1.21 Subdivision 1. Levy amount. The state general levy is levied against
1.22commercial-industrial property
1.23this section. The state general levy base amount is
2.1payable in
2.2increased each year by multiplying the levy base amount for the prior year by the sum
2.3of one plus the rate of increase, if any, in the implicit price deflator for government
2.4consumption expenditures and gross investment for state and local governments prepared
2.5by the Bureau of Economic Analysts of the United States Department of Commerce for
2.6the 12-month period ending March 31 of the year prior to the year the taxes are payable.
2.7The tax under this section is not treated as a local tax rate under section
2.8the levy of a governmental unit under chapters 276A and 473F.
2.9The commissioner shall increase or decrease the preliminary or final rate for a year
2.10as necessary to account for errors and tax base changes that affected a preliminary or final
2.11rate for either of the two preceding years. Adjustments are allowed to the extent that the
2.12necessary information is available to the commissioner at the time the rates for a year must
2.13be certified, and for the following reasons:
2.14(1) an erroneous report of taxable value by a local official;
2.15(2) an erroneous calculation by the commissioner; and
2.16(3) an increase or decrease in taxable value for commercial-industrial or seasonal
2.17residential recreational property reported on the abstracts of tax lists submitted under
2.18section
2.19section
2.20The commissioner may, but need not, make adjustments if the total difference in the tax
2.21levied for the year would be less than $100,000.
2.22EFFECTIVE DATE.This section is effective for taxes payable in 2014.
2.23 Sec. 3. Minnesota Statutes 2012, section 275.025, subdivision 4, is amended to read:
2.24 Subd. 4. Apportionment and levy of state general tax.
2.25state general tax must be levied by applying a
2.26capacity
2.27
2.28the commissioner of revenue shall certify the preliminary state general levy rates to each
2.29county auditor that must be used to prepare the notices of proposed property taxes for taxes
2.30payable in the following year. By January 1 of each year, the commissioner shall certify
2.31the final state general levy rate to each county auditor that shall be used in spreading taxes.
2.32EFFECTIVE DATE.This section is effective for taxes payable in 2014.
2.33 Sec. 4. REPEALER.
3.1Minnesota Statutes 2012, section 275.025, subdivision 3, is repealed.
3.2EFFECTIVE DATE.This section is effective the day following final enactment.
