Minnesota Legislature
HF 1506
as introduced - 93rd Legislature (2023 - 2024) Posted on 02/09/2023 11:36am
Current Version - as introduced
1.6 1.7 1.8 1.9 1.10 1.11 1.12 1.15 1.14 1.13 1.16 1.17 1.18 1.19 1.20 1.21 1.22 1.23 1.24 1.25 1.26 1.27 2.1 2.2 2.3 2.4 2.5 2.6 2.7 2.8 2.9 2.10 2.11 2.12 2.13 2.14 2.15 2.16 2.17 2.18 2.19 2.20 2.21 2.22 2.23 2.24 2.25 2.26 2.27 2.28 2.29 2.30 2.31 2.32 2.33 2.34 2.35 2.36 2.37
2.38 2.39
3.1 3.2 3.3 3.4 3.5
3.6 3.7
A bill for an act
relating to taxation; property tax refunds; reducing co-pays, reducing thresholds,
and increasing maximum refunds for the homestead credit refund; amending
Minnesota Statutes 2022, section 290A.04, subdivisions 2, 4.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
Minnesota Statutes 2022, section 290A.04, subdivision 2, is amended to read:
Subd. 2.
Homeowners; homestead credit refund.
A claimant whose property taxes
payable are in excess of the percentage of the household income stated below shall pay an
amount equal to the percent of income shown for the appropriate household income level
along with the percent to be paid by the claimant of the remaining amount of property taxes
payable. The state refund equals the amount of property taxes payable that remain, up to
the state refund amount shown below.
| Household Income |
Percent of Income |
Percent Paid by Claimant |
Maximum State Refund |
|
|
deleted text begin
$0 to 1,739 deleted text end new text begin $0 to $1,920 new text end |
1.0 percent |
deleted text begin
15 percent deleted text end new text begin 10 percent new text end |
$ |
deleted text begin
2,770 deleted text end new text begin 3,360 new text end |
|
deleted text begin
1,740 to 3,459 deleted text end new text begin $1,921 to $3,820 new text end |
1.1 percent |
deleted text begin
15 percent deleted text end new text begin 10 percent new text end |
$ |
deleted text begin
2,770 deleted text end new text begin 3,360 new text end |
|
deleted text begin
3,460 to 5,239 deleted text end new text begin $3,821 to $5,790 new text end |
1.2 percent |
deleted text begin
15 percent deleted text end new text begin 10 percent new text end |
$ |
deleted text begin
2,770 deleted text end new text begin 3,360 new text end |
|
deleted text begin
5,240 to 6,989 deleted text end new text begin $5,791 to $7,730 new text end |
1.3 percent |
deleted text begin
20 percent deleted text end new text begin 15 percent new text end |
$ |
deleted text begin
2,770 deleted text end new text begin 3,360 new text end |
|
deleted text begin
6,990 to 8,719 deleted text end new text begin $7,731 to $9,640 new text end |
1.4 percent |
deleted text begin
20 percent deleted text end new text begin 15 percent new text end |
$ |
deleted text begin
2,770 deleted text end new text begin 3,360 new text end |
|
deleted text begin
8,720 to 12,219 deleted text end new text begin $9,641 to $13,510 new text end |
1.5 percent |
deleted text begin
20 percent deleted text end new text begin 15 percent new text end |
$ |
deleted text begin
2,770 deleted text end new text begin 3,360 new text end |
|
deleted text begin
12,220 to 13,949 deleted text end new text begin $13,511 to $15,420 new text end |
1.6 percent |
deleted text begin
20 percent deleted text end new text begin 15 percent new text end |
$ |
deleted text begin
2,770 deleted text end new text begin 3,360 new text end |
|
deleted text begin
13,950 to 15,709 deleted text end new text begin $15,421 to $17,370 new text end |
1.7 percent |
deleted text begin
20 percent deleted text end new text begin 15 percent new text end |
$ |
deleted text begin
2,770 deleted text end new text begin 3,360 new text end |
|
deleted text begin
15,710 to 17,449 deleted text end new text begin $17,371 to $19,290 new text end |
1.8 percent |
deleted text begin
20 percent deleted text end new text begin 15 percent new text end |
$ |
deleted text begin
2,770 deleted text end new text begin 3,360 new text end |
|
deleted text begin
17,450 to 19,179 deleted text end new text begin $19,291 to $21,200 new text end |
1.9 percent |
deleted text begin
25 percent deleted text end new text begin 15 percent new text end |
$ |
deleted text begin
2,770 deleted text end new text begin 3,360 new text end |
|
deleted text begin
19,180 to 24,429 deleted text end new text begin $21,201 to $27,010 new text end |
deleted text begin
2.0 percent deleted text end new text begin 1.9 percent new text end |
deleted text begin
25 percent deleted text end new text begin 15 percent new text end |
$ |
deleted text begin
2,770 deleted text end new text begin 3,360 new text end |
|
deleted text begin
24,430 to 26,169 deleted text end new text begin $27,011 to $28,930 new text end |
deleted text begin
2.0 percent deleted text end new text begin 1.9 percent new text end |
deleted text begin
30 percent deleted text end new text begin 20 percent new text end |
$ |
deleted text begin
2,770 deleted text end new text begin 3,360 new text end |
|
deleted text begin
26,170 to 29,669 deleted text end new text begin $28,931 to $32,800 new text end |
deleted text begin
2.0 percent deleted text end new text begin 1.9 percent new text end |
deleted text begin
30 percent deleted text end new text begin 20 percent new text end |
$ |
deleted text begin
2,770 deleted text end new text begin 3,360 new text end |
|
deleted text begin
29,670 to 41,859 deleted text end new text begin $32,801 to $46,270 new text end |
2.0 percent |
deleted text begin
35 percent deleted text end new text begin 25 percent new text end |
$ |
deleted text begin
2,770 deleted text end new text begin 3,360 new text end |
|
deleted text begin
41,860 to 61,049 deleted text end new text begin $46,271 to $67,490 new text end |
2.0 percent |
deleted text begin
35 percent deleted text end new text begin 25 percent new text end |
$ |
deleted text begin
2,240 deleted text end new text begin 2,780 new text end |
|
deleted text begin
61,050 to 69,769 deleted text end new text begin $67,491 to $77,130 new text end |
2.0 percent |
deleted text begin
40 percent deleted text end new text begin 30 percent new text end |
$ |
deleted text begin
1,960 deleted text end new text begin 2,470 new text end |
|
deleted text begin
69,770 to 78,499 deleted text end new text begin $77,131 to $86,780 new text end |
2.1 percent |
deleted text begin
40 percent deleted text end new text begin 30 percent new text end |
$ |
deleted text begin
1,620 deleted text end new text begin 2,090 new text end |
|
deleted text begin
78,500 to 87,219 deleted text end new text begin $86,781 to $96,420 new text end |
2.2 percent |
deleted text begin
40 percent deleted text end new text begin 35 percent new text end |
$ |
deleted text begin
1,450 deleted text end new text begin 1,900 new text end |
|
deleted text begin
87,220 to 95,939 deleted text end new text begin $96,421 to $106,060 new text end |
2.3 percent |
deleted text begin
40 percent deleted text end new text begin 35 percent new text end |
$ |
deleted text begin
1,270 deleted text end new text begin 1,700 new text end |
|
deleted text begin
95,940 to 101,179 deleted text end new text begin $106,061 to $111,850 new text end |
2.4 percent |
deleted text begin
45 percent deleted text end new text begin 40 percent new text end |
$ |
deleted text begin
1,070 deleted text end new text begin 1,480 new text end |
|
deleted text begin
101,180 to 104,689 deleted text end new text begin $111,851 to $115,730 new text end |
2.5 percent |
deleted text begin
45 percent deleted text end new text begin 40 percent new text end |
$ |
deleted text begin
890 deleted text end new text begin 1,280 new text end |
|
deleted text begin
104,690 to 108,919 deleted text end new text begin $115,731 to $120,410 new text end |
2.5 percent |
deleted text begin
50 percent deleted text end new text begin 45 percent new text end |
$ |
deleted text begin
730 deleted text end new text begin 1,110 new text end |
|
deleted text begin
108,920 to 113,149 deleted text end new text begin $120,411 to $125,080 new text end |
2.5 percent |
deleted text begin
50 percent deleted text end new text begin 45 percent new text end |
$ |
deleted text begin
540 deleted text end new text begin 900 new text end |
The payment made to a claimant shall be the amount of the state refund calculated under
this subdivision. No payment is allowed if the claimant's household income is deleted text begin $113,150deleted text end new text begin
$125,081new text end or more.
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective for claims based on property taxes payable
in 2024 and following years.
new text end
Sec. 2.
Minnesota Statutes 2022, section 290A.04, subdivision 4, is amended to read:
Subd. 4.
Inflation adjustment.
The commissioner shall annually adjust the dollar
amounts of the income thresholds and the maximum refunds under subdivisions 2 and 2a
as provided in section 270C.22. new text begin The statutory year for subdivision 2 is 2023. new text end The statutory
year new text begin for subdivision 2a new text end is 2018.
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective for claims based on property taxes payable
in 2025 and following years.
new text end