HF 1487

as introduced - 86th Legislature (2009 - 2010) Posted on 02/09/2010 01:51am

A bill for an act
relating to taxation; income; property; providing an income tax credit for bovine
testing in certain parts of the state; appropriating money; amending Minnesota
Statutes 2008, sections 273.1393; 290.06, by adding a subdivision; repealing
Minnesota Statutes 2008, section 273.113.

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

Section 1.

Minnesota Statutes 2008, section 273.1393, is amended to read:

273.1393 COMPUTATION OF NET PROPERTY TAXES.

Notwithstanding any other provisions to the contrary, "net" property taxes are
determined by subtracting the credits in the order listed from the gross tax:

(1) disaster credit as provided in sections 273.1231 to 273.1235;

(2) powerline credit as provided in section 273.42;

(3) agricultural preserves credit as provided in section 473H.10;

(4) enterprise zone credit as provided in section 469.171;

(5) disparity reduction credit;

(6) conservation tax credit as provided in section 273.119;

(7) homestead and agricultural credits as provided in section 273.1384;

(8) taconite homestead credit as provided in section 273.135; new text begin and
new text end

(9) supplemental homestead credit as provided in section 273.1391 deleted text begin ; and deleted text end new text begin .
new text end

deleted text begin (10) the bovine tuberculosis zone credit, as provided in section 273.113.
deleted text end

The combination of all property tax credits must not exceed the gross tax amount.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for property taxes payable in 2010
and thereafter.
new text end

Sec. 2.

Minnesota Statutes 2008, section 290.06, is amended by adding a subdivision
to read:

new text begin Subd. 36. new text end

new text begin Bovine tuberculosis credit; split state status. new text end

new text begin (a) A taxpayer who owns
a herd of animals required to be tested for bovine tuberculosis and located in the modified
accredited zone established as part of Minnesota's split state status as approved by the
United States Department of Agriculture and effective October 10, 2008, is eligible for a
credit against the tax due under this chapter as provided under this subdivision. The credit
is equal to $25 per animal multiplied by the largest number of animals tested as part of
any whole-herd test of the taxpayer's animals occurring during the years 2006 through
2008 as reported by the Board of Animal Health. For purposes of this credit, "animals"
include cattle, bison, and goats.
new text end

new text begin (b) If the amount of the credit which the taxpayer is eligible to receive under this
subdivision exceeds the taxpayer's liability under this chapter, the commissioner of
revenue shall refund the excess to the taxpayer.
new text end

new text begin (c) The amount necessary to pay claims for the refund provided under this
subdivision is appropriated from the general fund to the commissioner of revenue.
new text end

new text begin (d) The credit provided under this subdivision ceases to be available beginning in
the taxable year following the taxable year when the Board of Animal Health certifies
that the state is free of bovine tuberculosis.
new text end

new text begin (e) The credit under this subdivision is in addition to the credit allowed under
subdivision 33.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for taxable years beginning after
December 31, 2008.
new text end

Sec. 3. new text begin REPEALER.
new text end

new text begin Minnesota Statutes 2008, section 273.113, new text end new text begin is repealed.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for property taxes payable in 2010
and thereafter.
new text end