HF 1767

as introduced - 87th Legislature (2011 - 2012) Posted on 02/10/2012 11:40am

A bill for an act
relating to taxation; providing a temporary increase in the property tax refund for
renters in the areas affected by the 2011 tornadoes.

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

Section 1. new text begin TEMPORARY INCREASE IN PROPERTY TAX REFUNDS BASED
ON RENT IN AREAS AFFECTED BY MAY 22, 2011, TORNADOES.
new text end

new text begin (a) For property tax refunds based on rent paid during calendar year 2011 only,
but also applying to refunds based on property taxes payable in 2012 that include gross
rent paid in 2011, the following rules apply to dwellings located in the area covered by
Presidential Disaster Declaration FEMA-1990-DR:
new text end

new text begin (1) "rent constituting property taxes" must be calculated by substituting "19 percent"
for "17 percent" under Minnesota Statutes, section 290A.03, subdivision 11; and
new text end

new text begin (2) "property taxes payable" must be calculated under Minnesota Statutes, section
290A.03, subdivision 13, by substituting "19 percent" for "17 percent" in determining the
portion of gross rent paid that is included in property taxes payable.
new text end

new text begin (b) Owners or managing agents of properties located in the area referenced in
paragraph (a) shall provide supplemental certificates of rent paid under Minnesota
Statutes, section 290A.19, based on rent paid in 2011, in compliance with this section.
These supplemental certificates must be accompanied by a notice to the recipient that
they replace the original certificate of rent paid and must be in the form and contain the
information required by the commissioner of revenue. The commissioner shall instruct
owners and managing agents of the requirements under this section.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end