HF 2391

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; reducing the metropolitan 
  1.3             council levy limit for general purposes; freezing the 
  1.4             levy limit for the livable communities demonstration 
  1.5             account; abolishing the levy for the tax base 
  1.6             revitalization account; amending Minnesota Statutes 
  1.7             1998, sections 473.249, subdivision 1; 473.252, 
  1.8             subdivision 2; and 473.253, subdivision 1; repealing 
  1.9             Minnesota Statutes 1998, section 473.252, subdivisions 
  1.10            4 and 5. 
  1.11  BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.12     Section 1.  Minnesota Statutes 1998, section 473.249, 
  1.13  subdivision 1, is amended to read: 
  1.14     Subdivision 1.  [INDEXED LIMIT.] (a) The metropolitan 
  1.15  council may levy a tax on all taxable property in the 
  1.16  metropolitan area defined in section 473.121 to provide funds 
  1.17  for the purposes of sections 473.121 to 473.249 and for the 
  1.18  purpose of carrying out other responsibilities of the council as 
  1.19  provided by law.  This tax for general purposes shall be levied 
  1.20  and collected in the manner provided by section 473.13. 
  1.21     (b) The metropolitan council's property tax levied by the 
  1.22  metropolitan council levy limit for general purposes for taxes 
  1.23  payable in 2000 and thereafter shall not exceed the product of:  
  1.24  (1) the metropolitan council's property tax levy limitation for 
  1.25  general purposes for the previous year determined under this 
  1.26  subdivision multiplied by (2) the lesser of 
  1.27     (i) an index for market valuation changes equal to the 
  1.28  total market valuation of all taxable property located within 
  2.1   the metropolitan area for the current taxes payable year divided 
  2.2   by the total market valuation of all taxable property located 
  2.3   within the metropolitan area for the previous taxes payable 
  2.4   year; 
  2.5      (ii) an index equal to the implicit price deflator for 
  2.6   government consumption expenditures and gross investment for 
  2.7   state and local governments for the most recent month for which 
  2.8   data are available divided by the same implicit price deflator 
  2.9   for the same month of the previous year; or 
  2.10     (iii) 103 percent. 
  2.11     (c) For the purpose of determining the metropolitan 
  2.12  council's property tax levy limitation for general purposes, 
  2.13  "total market valuation" means the total market valuation of all 
  2.14  taxable property within the metropolitan area without valuation 
  2.15  adjustments for fiscal disparities (chapter 473F), tax increment 
  2.16  financing (sections 469.174 to 469.179), and high voltage 
  2.17  transmission lines (section 273.425) 90 percent of the 
  2.18  metropolitan council's property tax levy limit for general 
  2.19  purposes for taxes payable in 1999. 
  2.20     Sec. 2.  Minnesota Statutes 1998, section 473.252, 
  2.21  subdivision 2, is amended to read: 
  2.22     Subd. 2.  [SOURCES OF FUNDS.] The council shall credit to 
  2.23  the tax base revitalization account within the fund the amount, 
  2.24  if any, provided for under subdivision 4, and the amount, if 
  2.25  any, distributed to the council under section 473F.08, 
  2.26  subdivision 3b. 
  2.27     Sec. 3.  Minnesota Statutes 1998, section 473.253, 
  2.28  subdivision 1, is amended to read: 
  2.29     Subdivision 1.  [SOURCES OF FUNDS.] The council shall 
  2.30  credit to the livable communities demonstration account the 
  2.31  revenues provided in this subdivision.  This tax shall be levied 
  2.32  and collected in the manner provided by section 473.13.  The 
  2.33  levy for taxes payable in 2000 and thereafter shall not exceed 
  2.34  the following amount for the years specified:  
  2.35     (a)(1) for taxes payable in 1996, 50 percent of (i) the 
  2.36  metropolitan mosquito control commission's property tax levy for 
  3.1   taxes payable in 1995 multiplied by (ii) an index for market 
  3.2   valuation changes equal to the total market valuation of all 
  3.3   taxable property located within the metropolitan area for the 
  3.4   current taxes payable year divided by the total market valuation 
  3.5   of all taxable property located in the metropolitan area for the 
  3.6   previous taxes payable year; and 
  3.7      (2) for taxes payable in 1997 and subsequent years, the 
  3.8   product of (i) the property tax levy limit under this 
  3.9   subdivision for the previous year multiplied by (ii) an index 
  3.10  for market valuation changes equal to the total market valuation 
  3.11  of all taxable property located within the metropolitan area for 
  3.12  the current taxes payable year divided by the total market 
  3.13  valuation of all taxable property located in the metropolitan 
  3.14  area for the previous taxes payable year. 
  3.15     For the purposes of this subdivision, "total market 
  3.16  valuation" means the total market valuation of all taxable 
  3.17  property within the metropolitan area without valuation 
  3.18  adjustments for fiscal disparities under chapter 473F, tax 
  3.19  increment financing under sections 469.174 to 469.179, and high 
  3.20  voltage transmission lines under section 273.425 levy limit for 
  3.21  the livable communities demonstration account for taxes payable 
  3.22  in 1999. 
  3.23     (b) The metropolitan council, for the purposes of the fund, 
  3.24  is considered a unique taxing jurisdiction for purposes of 
  3.25  receiving aid pursuant to section 273.1398.  For aid to be 
  3.26  received in 1996, the fund's homestead and agricultural credit 
  3.27  base shall equal 50 percent of the metropolitan mosquito control 
  3.28  commission's certified homestead and agricultural credit aid for 
  3.29  1995, determined under section 273.1398, subdivision 2, less any 
  3.30  permanent aid reduction under section 477A.0132.  For aid to be 
  3.31  received under section 273.1398 in 1997 and subsequent years, 
  3.32  the fund's homestead and agricultural credit base shall be 
  3.33  determined in accordance with section 273.1398, subdivision 1. 
  3.34     Sec. 4.  [REPEALER.] 
  3.35     Minnesota Statutes 1998, section 473.252, subdivisions 4 
  3.36  and 5, are repealed. 
  4.1      Sec. 5.  [EFFECTIVE DATE.] 
  4.2      Sections 1 to 4 are effective for taxes levied in 1999, 
  4.3   payable in 2000, and thereafter.