HF 2555

as introduced - 88th Legislature (2013 - 2014) Posted on 03/03/2014 02:38pm

A bill for an act
relating to education finance; taxes; allocating a portion of the state general
tax on seasonal residential recreational property to school districts; amending
Minnesota Statutes 2012, sections 275.025, by adding a subdivision; 276.112.

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

Section 1.

Minnesota Statutes 2012, section 275.025, is amended by adding a
subdivision to read:

new text begin Subd. 5. new text end

new text begin Distribution to school districts. new text end

new text begin (a) Of the amount of the state general
tax levied on seasonal residential recreational property, 75 percent shall be allocated and
distributed to the school district in which the property is located.
new text end

new text begin (b) Any amount received by a school district in any fiscal year under paragraph (a)
shall not be applied to reduce general education aid that the district receives under section
126C.13 or the permissible levies of the district.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for taxes payable in 2015.
new text end

Sec. 2.

Minnesota Statutes 2012, section 276.112, is amended to read:

276.112 STATE PROPERTY TAXES; COUNTY TREASURER.

On the estimated payment and settlement dates provided in this chapter for the
settlement of taxes levied by school districts, the county treasurer must make full
settlement with the county auditor for all receipts of state property taxes levied under
section 275.025, and must transmit those receipts new text begin , less the amount under section 275.025,
subdivision 5, new text end to the commissioner of revenue by electronic means on the dates and
according to the provisions applicable to distributions to school districts.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for taxes payable in 2015.
new text end