Bill Text: MN SF569 | 2013-2014 | 88th Legislature | Engrossed
Bill Title: Equalization levies increase and indexing authorization for property tax relief
Sponsorship: Bipartisan Bill
Status: (Introduced - Dead) 2013-03-07 - Comm report: To pass as amended and re-refer to Finance [SF569 Detail]
Download: Minnesota-2013-SF569-Engrossed.html
1.2relating to education; providing property tax relief; increasing and indexing
1.3equalization levies;amending Minnesota Statutes 2012, sections 123B.53,
1.4subdivisions 4, 5; 126C.10, subdivisions 29, 32; 126C.17, subdivision 6, by
1.5adding 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 4, is amended to read:
1.8 Subd. 4. Debt service equalization revenue. (a) The debt service equalization
1.9revenue of a district equals the sum of the first tier debt service equalization revenue and
1.10the second tier debt service equalization revenue.
1.11(b) The first tier debt service equalization revenue of a district equals the greater
1.12of zero or the eligible debt service revenue minus the amount raised by a levy of15.74
1.13 ten
1.14service equalization revenue of the district.
1.15(c) The second tier debt service equalization revenue of a district equals the greater
1.16of zero or the eligible debt service revenue, excluding alternative facilities levies under
1.17section123B.59, subdivision 5 , minus the amount raised by a levy of
26.24 percent times
1.18the adjusted net tax capacity of the district.
1.19 Sec. 2. Minnesota Statutes 2012, section 123B.53, subdivision 5, is amended to read:
1.20 Subd. 5. Equalized debt service levy. (a) The equalized debt service levy of a
1.21district equals the sum of the first tier equalized debt service levy and the second tier
1.22equalized debt service levy.
1.23(b) A district's first tier equalized debt service levy equals the district's first tier
1.24debt service equalization revenue times the lesser of one or the ratio of: the district's
2.1adjusted net tax capacity per resident marginal cost pupil unit to state first tier debt service
2.2equalizing factor. The state first tier debt service equalizing factor equals 125 percent of
2.3the quotient derived by dividing the total adjusted net tax capacity of all school districts in
2.4the state for the year before the levy is certified by the total number of adjusted marginal
2.5cost pupil units in all school districts in the state in the year before the levy is certified.
2.6(1) the quotient derived by dividing the adjusted net tax capacity of the district for
2.7the year before the year the levy is certified by the adjusted pupil units in the district for
2.8the school year ending in the year prior to the year the levy is certified; to
2.9(2) $3,049.
2.10(c) A district's second tier equalized debt service levy equals the district's second
2.11tier debt service equalization revenue times the lesser of one or the ratio of: the district's
2.12adjusted net tax capacity per resident marginal cost pupil unit to state first tier debt service
2.13equalizing factor. The state first tier debt service equalizing factor equals 200 percent of
2.14the quotient derived by dividing the total adjusted net tax capacity of all school districts in
2.15the state for the year before the levy is certified by the total number of adjusted marginal
2.16cost pupil units in all school districts in the state in the year before the levy is certified.
2.17(1) the quotient derived by dividing the adjusted net tax capacity of the district for
2.18the year before the year the levy is certified by the adjusted pupil units in the district for
2.19the school year ending in the year prior to the year the levy is certified; to
2.20(2) $7,622.
2.21EFFECTIVE DATE.This section is effective for revenue for fiscal year 2015
2.22and later.
2.23 Sec. 3. Minnesota Statutes 2012, section 126C.10, subdivision 29, is amended to read:
2.24 Subd. 29. Equity levy. To obtain equity revenue for fiscal year2005 2015 and later,
2.25a district may levy an amount not more than the product of its equity revenue for the
2.26fiscal year times the lesser of one or the ratio of its referendum market value per resident
2.27marginal cost pupil unit to$476,000 the state first tier referendum equalizing factor as
2.28defined in section 126C.17, subdivision 6a.
2.29EFFECTIVE DATE.This section is effective for revenue for fiscal year 2015
2.30and later.
2.31 Sec. 4. Minnesota Statutes 2012, section 126C.10, subdivision 32, is amended to read:
2.32 Subd. 32. Transition levy. To obtain transition revenue for fiscal year 2005 and
2.33later, a district may levy an amount not more than the product of its transition revenue
3.1for the fiscal year times the lesser of one or the ratio of its referendum market value per
3.2resident marginal cost pupil unit to$476,000 the state first tier referendum equalizing
3.3factor as defined in section 126C.17, subdivision 6a.
3.4EFFECTIVE DATE.This section is effective for revenue for fiscal year 2015
3.5and later.
3.6 Sec. 5. Minnesota Statutes 2012, section 126C.17, subdivision 6, is amended to read:
3.7 Subd. 6. Referendum equalization levy. (a)For fiscal year 2003 and later,
3.8 A district's referendum equalization levy equals the sum of the first tier referendum
3.9equalization levy and the second tier referendum equalization levy.
3.10(b) A district's first tier referendum equalization levy equals the district's first tier
3.11referendum equalization revenue times the lesser of one or the ratio of the district's
3.12referendum market value per resident marginal cost pupil unit to$476,000 the state first
3.13tier referendum equalizing factor as derived in subdivision 6a.
3.14(c) A district's second tier referendum equalization levy equals the district's second
3.15tier referendum equalization revenue times the lesser of one or the ratio of the district's
3.16referendum market value per resident marginal cost pupil unit to$270,000 the state second
3.17tier referendum equalizing factor as derived in subdivision 6a.
3.18EFFECTIVE DATE.This section is effective for revenue for fiscal year 2015
3.19and later.
3.20 Sec. 6. Minnesota Statutes 2012, section 126C.17, is amended by adding a subdivision
3.21to read:
3.22 Subd. 6a. State referendum equalizing factors. (a) The state first tier referendum
3.23equalizing factor equals 150 percent of the quotient derived by dividing the total
3.24referendum market value of all school districts in the state for the year before the levy is
3.25certified by the total number of resident marginal cost pupil units in all school districts in
3.26the state for the school year ending in the year before the levy is certified.
3.27(b) The state second tier referendum equalizing factor equals 100 percent of the
3.28quotient derived by dividing the total referendum market value of all school districts in
3.29the state for the year before the levy is certified by the total number of resident marginal
3.30cost pupil units in all school districts in the state for the school year ending in the year
3.31before the levy is certified.
3.32EFFECTIVE DATE.This section is effective for revenue for fiscal year 2015
3.33and later.
1.3equalization levies;amending Minnesota Statutes 2012, sections 123B.53,
1.4subdivisions 4, 5; 126C.10, subdivisions 29, 32; 126C.17, subdivision 6, by
1.5adding 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 4, is amended to read:
1.8 Subd. 4. Debt service equalization revenue. (a) The debt service equalization
1.9revenue of a district equals the sum of the first tier debt service equalization revenue and
1.10the second tier debt service equalization revenue.
1.11(b) The first tier debt service equalization revenue of a district equals the greater
1.12of zero or the eligible debt service revenue minus the amount raised by a levy of
1.13 ten
1.14service equalization revenue of the district.
1.15(c) The second tier debt service equalization revenue of a district equals the greater
1.16of zero or the eligible debt service revenue, excluding alternative facilities levies under
1.17section
1.18the adjusted net tax capacity of the district.
1.19 Sec. 2. Minnesota Statutes 2012, section 123B.53, subdivision 5, is amended to read:
1.20 Subd. 5. Equalized debt service levy. (a) The equalized debt service levy of a
1.21district equals the sum of the first tier equalized debt service levy and the second tier
1.22equalized debt service levy.
1.23(b) A district's first tier equalized debt service levy equals the district's first tier
1.24debt service equalization revenue times the lesser of one or the ratio of
2.1adjusted net tax capacity per resident marginal cost pupil unit to state first tier debt service
2.2equalizing factor. The state first tier debt service equalizing factor equals 125 percent of
2.3the quotient derived by dividing the total adjusted net tax capacity of all school districts in
2.4the state for the year before the levy is certified by the total number of adjusted marginal
2.5cost pupil units in all school districts in the state in the year before the levy is certified.
2.6
2.7
2.8
2.9
2.10(c) A district's second tier equalized debt service levy equals the district's second
2.11tier debt service equalization revenue times the lesser of one or the ratio of
2.12adjusted net tax capacity per resident marginal cost pupil unit to state first tier debt service
2.13equalizing factor. The state first tier debt service equalizing factor equals 200 percent of
2.14the quotient derived by dividing the total adjusted net tax capacity of all school districts in
2.15the state for the year before the levy is certified by the total number of adjusted marginal
2.16cost pupil units in all school districts in the state in the year before the levy is certified.
2.17
2.18
2.19
2.20
2.21EFFECTIVE DATE.This section is effective for revenue for fiscal year 2015
2.22and later.
2.23 Sec. 3. Minnesota Statutes 2012, section 126C.10, subdivision 29, is amended to read:
2.24 Subd. 29. Equity levy. To obtain equity revenue for fiscal year
2.25a district may levy an amount not more than the product of its equity revenue for the
2.26fiscal year times the lesser of one or the ratio of its referendum market value per resident
2.27marginal cost pupil unit to
2.28defined in section 126C.17, subdivision 6a.
2.29EFFECTIVE DATE.This section is effective for revenue for fiscal year 2015
2.30and later.
2.31 Sec. 4. Minnesota Statutes 2012, section 126C.10, subdivision 32, is amended to read:
2.32 Subd. 32. Transition levy. To obtain transition revenue for fiscal year 2005 and
2.33later, a district may levy an amount not more than the product of its transition revenue
3.1for the fiscal year times the lesser of one or the ratio of its referendum market value per
3.2resident marginal cost pupil unit to
3.3factor as defined in section 126C.17, subdivision 6a.
3.4EFFECTIVE DATE.This section is effective for revenue for fiscal year 2015
3.5and later.
3.6 Sec. 5. Minnesota Statutes 2012, section 126C.17, subdivision 6, is amended to read:
3.7 Subd. 6. Referendum equalization levy. (a)
3.8 A district's referendum equalization levy equals the sum of the first tier referendum
3.9equalization levy and the second tier referendum equalization levy.
3.10(b) A district's first tier referendum equalization levy equals the district's first tier
3.11referendum equalization revenue times the lesser of one or the ratio of the district's
3.12referendum market value per resident marginal cost pupil unit to
3.13tier referendum equalizing factor as derived in subdivision 6a.
3.14(c) A district's second tier referendum equalization levy equals the district's second
3.15tier referendum equalization revenue times the lesser of one or the ratio of the district's
3.16referendum market value per resident marginal cost pupil unit to
3.17tier referendum equalizing factor as derived in subdivision 6a.
3.18EFFECTIVE DATE.This section is effective for revenue for fiscal year 2015
3.19and later.
3.20 Sec. 6. Minnesota Statutes 2012, section 126C.17, is amended by adding a subdivision
3.21to read:
3.22 Subd. 6a. State referendum equalizing factors. (a) The state first tier referendum
3.23equalizing factor equals 150 percent of the quotient derived by dividing the total
3.24referendum market value of all school districts in the state for the year before the levy is
3.25certified by the total number of resident marginal cost pupil units in all school districts in
3.26the state for the school year ending in the year before the levy is certified.
3.27(b) The state second tier referendum equalizing factor equals 100 percent of the
3.28quotient derived by dividing the total referendum market value of all school districts in
3.29the state for the year before the levy is certified by the total number of resident marginal
3.30cost pupil units in all school districts in the state for the school year ending in the year
3.31before the levy is certified.
3.32EFFECTIVE DATE.This section is effective for revenue for fiscal year 2015
3.33and later.
