HF 1246

as introduced - 88th Legislature (2013 - 2014) Posted on 03/06/2013 03:02pm

A bill for an act
relating to taxation; property tax; requiring a study of the Iron Range fiscal
disparities program; appropriating money.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1. new text begin IRON RANGE FISCAL DISPARITIES STUDY.
new text end

new text begin The commissioner of revenue shall conduct a study of the tax relief area revenue
distribution program contained in Minnesota Statutes, chapter 276A, commonly known as
the Iron Range fiscal disparities program. By February 1, 2015, the commissioner shall
submit a report to the chairs and ranking minority members of the house of representatives
and senate tax committees consisting of the findings of the study and identification of
issues for policy makers to consider. The study must analyze:
new text end

new text begin (1) the extent to which the benefits of the economic growth in the region are shared
throughout the region, especially for growth that results from state or regional decisions;
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new text begin (2) the program's impact on the variability of tax rates across jurisdictions of the
region;
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new text begin (3) the program's impact on the distribution of homestead property tax burdens
across jurisdictions of the region; and
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new text begin (4) the relationship between the impacts of the program and overburden on
jurisdictions containing properties that provide regional benefits, specifically the costs
those properties impose on their host jurisdictions in excess of their tax payments. The
report must include a description of other property tax, aid, and local development
programs that interact with the fiscal disparities program.
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new text begin EFFECTIVE DATE. new text end

new text begin This section is effective January 1, 2014.
new text end

Sec. 2. new text begin APPROPRIATION.
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new text begin $........ in fiscal year 2014 and $....... in fiscal year 2015 are appropriated from the
general fund to the commissioner of revenue to pay for the study required in section 1.
These are onetime appropriations.
new text end