HF 2087

as introduced - 81st Legislature (1999 - 2000) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to taxation; prohibiting the use of property 
  1.3             taxes for light rail transit; proposing coding for new 
  1.4             law in Minnesota Statutes, chapter 473. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  [473.3985] [LIGHT RAIL TRANSIT; PROPERTY TAXES 
  1.7   PROHIBITED.] 
  1.8      Notwithstanding any other law to the contrary, a political 
  1.9   subdivision or a public corporation is prohibited from levying a 
  1.10  property tax for light rail transit, including, but not limited 
  1.11  to, any property tax levy for the planning or design of the 
  1.12  system, acquisition of property, construction and equipping of 
  1.13  the system, relocation of persons or property, or operation or 
  1.14  maintenance of the system, including any costs for management 
  1.15  contracts.  A political subdivision or public corporation may 
  1.16  not transfer funds from any accounts, reserves, or funds 
  1.17  containing property tax revenues for any of the purposes for 
  1.18  which a property tax levy is prohibited under this section. 
  1.19     Nothing in this section prohibits a political subdivision 
  1.20  or public corporation from receiving and using federal or state 
  1.21  funds specifically designated for light rail transit purposes, 
  1.22  or from using fare or other operating revenues from a light rail 
  1.23  transit system. 
  1.24     Sec. 2.  [EFFECTIVE DATE.] 
  1.25     Section 1 is effective the day following final enactment.