Bill Text: MN SF2980 | 2013-2014 | 88th Legislature | Introduced
Bill Title: General property tax levy phaseout
Spectrum: Partisan Bill (Republican 4-0)
Status: (Introduced - Dead) 2014-05-09 - Referred to Taxes [SF2980 Detail]
Download: Minnesota-2013-SF2980-Introduced.html
1.2relating to taxation; property; phasing out the state general levy;amending
1.3Minnesota Statutes 2012, section 275.025, subdivision 1; repealing Minnesota
1.4Statutes 2012, section 275.025.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. Minnesota Statutes 2012, section 275.025, subdivision 1, is amended to read:
1.7 Subdivision 1. Levy amount. The state general levy is levied against
1.8commercial-industrial property and seasonal residential recreational property, as defined in
1.9this section. The state general levybase amount is $592,000,000 $567,800,000 for taxes
1.10payable in2002 2015, and $283,900,000 for taxes payable in 2016. For taxes payable in
1.11subsequent years, the levy base amount is increased each year by multiplying the levy base
1.12amount for the prior year by the sum of one plus the rate of increase, if any, in the implicit
1.13price deflator for government consumption expenditures and gross investment for state
1.14and local governments prepared by the Bureau of Economic Analysts of the United States
1.15Department of Commerce for the 12-month period ending March 31 of the year prior to the
1.16year the taxes are payable. The tax under this section is not treated as a local tax rate under
1.17section469.177 and is not the levy 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 2015.
2.8 Sec. 2. REPEALER.
2.9Minnesota Statutes 2012, section 275.025, is repealed.
2.10EFFECTIVE DATE.This section is effective beginning with taxes payable in 2017.
1.3Minnesota Statutes 2012, section 275.025, subdivision 1; repealing Minnesota
1.4Statutes 2012, section 275.025.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. Minnesota Statutes 2012, section 275.025, subdivision 1, is amended to read:
1.7 Subdivision 1. Levy amount. The state general levy is levied against
1.8commercial-industrial property and seasonal residential recreational property, as defined in
1.9this section. The state general levy
1.10payable in
1.11
1.12
1.13
1.14
1.15
1.16
1.17section
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 2015.
2.8 Sec. 2. REPEALER.
2.9Minnesota Statutes 2012, section 275.025, is repealed.
2.10EFFECTIVE DATE.This section is effective beginning with taxes payable in 2017.
