HF 600

as introduced - 83rd Legislature (2003 - 2004) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to education finance; making referendum tax 
  1.3             base replacement aid permanent; amending Minnesota 
  1.4             Statutes 2002, section 126C.17, subdivision 7a.  
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  Minnesota Statutes 2002, section 126C.17, 
  1.7   subdivision 7a, is amended to read: 
  1.8      Subd. 7a.  [REFERENDUM TAX BASE REPLACEMENT AID.] For each 
  1.9   school district that had a referendum allowance for fiscal year 
  1.10  2002 exceeding $415, for each separately authorized referendum 
  1.11  levy, the commissioner of revenue, in consultation with the 
  1.12  commissioner of children, families, and learning, shall certify 
  1.13  the amount of the referendum levy in taxes payable year 2001 
  1.14  attributable to the portion of the referendum allowance 
  1.15  exceeding $415 levied against property classified as class 2, 
  1.16  noncommercial 4c(1), or 4c(4), under section 273.13, excluding 
  1.17  the portion of the tax paid by the portion of class 2a property 
  1.18  consisting of the house, garage, and surrounding one acre of 
  1.19  land.  The resulting amount must be used to reduce the 
  1.20  district's referendum levy amount otherwise determined, and must 
  1.21  be paid to the district each year that the referendum authority 
  1.22  remains in effect, is renewed, or new referendum authority is 
  1.23  approved.  The aid payable under this subdivision must be 
  1.24  subtracted from the district's referendum equalization aid under 
  1.25  subdivision 7.  The referendum equalization aid after the 
  2.1   subtraction must not be less than zero. 
  2.2      For the purposes of this subdivision, the referendum levy 
  2.3   with the latest year of expiration is assumed to be at the 
  2.4   highest level of equalization, and the referendum levy with the 
  2.5   earliest year of expiration is assumed to be at the lowest level 
  2.6   of equalization. 
  2.7      [EFFECTIVE DATE.] This section is effective retroactive 
  2.8   from July 1, 2002, and is effective for revenue for fiscal year 
  2.9   2005.