Bill Text: MN SF2226 | 2013-2014 | 88th Legislature | Introduced
Bill Title: Retired homeowner property tax credit programs establishment authority
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2014-03-03 - Referred to Taxes [SF2226 Detail]
Download: Minnesota-2013-SF2226-Introduced.html
1.2relating to taxation; property; authorizing property tax credit programs;
1.3proposing coding for new law in Minnesota Statutes, chapter 276.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. [276.25] RETIRED HOMEOWNER PROPERTY TAX CREDIT
1.6PROGRAM.
1.7 Subdivision 1. Authority. Any county, city, or school district may establish a
1.8program allowing certain persons who are the owners of homestead property within the
1.9jurisdiction to provide public service in return for a reduction in the jurisdiction's share of
1.10the property tax on the homestead.
1.11 Subd. 2. Program requirements. A jurisdiction which establishes a program
1.12under this section must:
1.13(1) limit eligibility to persons who:
1.14(i) own and occupy a property classified as homestead, or are the spouse of the owner
1.15of the homestead, and have occupied the property as a homestead for at least five years prior
1.16to the beginning of the taxes payable year for which property tax credits will be earned;
1.17(ii) are at least 62 years old as of the start of the year the property taxes are payable;
1.18and
1.19(iii) are receiving pension or Social Security payments as of the start of the year
1.20the property taxes are payable;
1.21(2) require that there be no delinquent taxes on a participant's homestead; and
1.22(3) provide that no preference for acceptance into the program be given to a person
1.23who has participated in a prior year.
2.1 Subd. 3. Property tax credits. (a) Property tax credits must be awarded to program
2.2participants at a rate equal to the applicable minimum wage.
2.3(b) Each participant is limited each year to the credit necessary to offset the
2.4jurisdiction's share of the net property tax on the portion of the homestead defined under
2.5section 290B.03, subdivision 2.
2.6(c) Prior to May 15 of each year, each participating jurisdiction must notify its county
2.7treasurer of the amount of credit earned by each participant for the period from January 1
2.8to April 30 of the year, and that credit must be applied to the participant's first-half property
2.9tax payment. Prior to October 15 of each year, each participating jurisdiction must notify
2.10its county treasurer of the amount of credit earned by each participant for the period from
2.11May 1 to September 30 of the year, and that credit must be applied to the participant's
2.12second-half property tax payment. Any credit for the period from October 1 through
2.13December 31 must be applied to the first-half payment for taxes due in the following year.
2.14 Subd. 4. Nature of program participation. Nothing in this section shall be
2.15construed as establishing an employer-employee relationship between the taxing
2.16jurisdiction and program participants.
2.17EFFECTIVE DATE.This section is effective beginning with taxes payable in 2015.
1.3proposing coding for new law in Minnesota Statutes, chapter 276.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. [276.25] RETIRED HOMEOWNER PROPERTY TAX CREDIT
1.6PROGRAM.
1.7 Subdivision 1. Authority. Any county, city, or school district may establish a
1.8program allowing certain persons who are the owners of homestead property within the
1.9jurisdiction to provide public service in return for a reduction in the jurisdiction's share of
1.10the property tax on the homestead.
1.11 Subd. 2. Program requirements. A jurisdiction which establishes a program
1.12under this section must:
1.13(1) limit eligibility to persons who:
1.14(i) own and occupy a property classified as homestead, or are the spouse of the owner
1.15of the homestead, and have occupied the property as a homestead for at least five years prior
1.16to the beginning of the taxes payable year for which property tax credits will be earned;
1.17(ii) are at least 62 years old as of the start of the year the property taxes are payable;
1.18and
1.19(iii) are receiving pension or Social Security payments as of the start of the year
1.20the property taxes are payable;
1.21(2) require that there be no delinquent taxes on a participant's homestead; and
1.22(3) provide that no preference for acceptance into the program be given to a person
1.23who has participated in a prior year.
2.1 Subd. 3. Property tax credits. (a) Property tax credits must be awarded to program
2.2participants at a rate equal to the applicable minimum wage.
2.3(b) Each participant is limited each year to the credit necessary to offset the
2.4jurisdiction's share of the net property tax on the portion of the homestead defined under
2.5section 290B.03, subdivision 2.
2.6(c) Prior to May 15 of each year, each participating jurisdiction must notify its county
2.7treasurer of the amount of credit earned by each participant for the period from January 1
2.8to April 30 of the year, and that credit must be applied to the participant's first-half property
2.9tax payment. Prior to October 15 of each year, each participating jurisdiction must notify
2.10its county treasurer of the amount of credit earned by each participant for the period from
2.11May 1 to September 30 of the year, and that credit must be applied to the participant's
2.12second-half property tax payment. Any credit for the period from October 1 through
2.13December 31 must be applied to the first-half payment for taxes due in the following year.
2.14 Subd. 4. Nature of program participation. Nothing in this section shall be
2.15construed as establishing an employer-employee relationship between the taxing
2.16jurisdiction and program participants.
2.17EFFECTIVE DATE.This section is effective beginning with taxes payable in 2015.
