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:
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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:
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(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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(2) the program's impact on the variability of tax rates across jurisdictions of the
region;
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(3) the program's impact on the distribution of homestead property tax burdens
across jurisdictions of the region; and
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(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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This section is effective January 1, 2014.
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$........ 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.
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