HF 3205

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

  1.1                          A bill for an act 
  1.2             relating to aids to local government; providing for 
  1.3             increased low income housing aid for certain cities; 
  1.4             amending Minnesota Statutes 1998, section 477A.06, 
  1.5             subdivision 2; Minnesota Statutes 1999 Supplement, 
  1.6             section 477A.06, subdivision 1.  
  1.7   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.8      Section 1.  Minnesota Statutes 1999 Supplement, section 
  1.9   477A.06, subdivision 1, is amended to read: 
  1.10     Subdivision 1.  [ELIGIBILITY.] (a) For assessment years 
  1.11  1998, 1999, and year 2000, for all class 4d property on which 
  1.12  construction was begun before January 1, 1999, the assessor 
  1.13  shall determine the difference between the actual net tax 
  1.14  capacity and the net tax capacity that would be determined for 
  1.15  the property if the class rates for assessment year 1997 were in 
  1.16  effect. 
  1.17     (b) In calendar year 2001, each city that is an impacted 
  1.18  community shall be eligible for aid equal to (i) the amount by 
  1.19  which the difference determined in paragraph (a) for the 
  1.20  corresponding assessment year exceeds one percent of the city's 
  1.21  total taxable net tax capacity for taxes payable in 1998, 
  1.22  multiplied by (ii) the city government's average local tax rate 
  1.23  for taxes payable in 1998.  
  1.24     (b) (c) In calendar years 1999, 2000, and year 2001, each 
  1.25  city that is not an impacted community shall be eligible for aid 
  1.26  equal to (i) the amount by which the sum of the differences 
  2.1   determined in clause paragraph (a) for the corresponding 
  2.2   assessment year exceeds two 1.5 percent of the city's total 
  2.3   taxable net tax capacity for taxes payable in 1998, multiplied 
  2.4   by (ii) the city government's average local tax rate for taxes 
  2.5   payable in 1998. 
  2.6      (d) For purposes of this section, "impacted community" 
  2.7   means a home rule or statutory city that meets all of the 
  2.8   following requirements:  
  2.9      (1) the city has at least 250 multifamily housing units, 
  2.10  excluding duplexes, converted duplexes, triplexes, senior 
  2.11  assisted living facilities, and student housing; 
  2.12     (2) the city has at least 25 percent of its multifamily 
  2.13  housing units classified as class 4d property; and 
  2.14     (3) the city meets the 1.5 percent requirement for aid 
  2.15  payments under section 477A.06, subdivision 1, paragraph (c).  
  2.16     Sec. 2.  Minnesota Statutes 1998, section 477A.06, 
  2.17  subdivision 2, is amended to read: 
  2.18     Subd. 2.  [CERTIFICATION.] (a) The county assessor shall 
  2.19  notify the commissioner of revenue of the amount determined 
  2.20  under subdivision 1, paragraph (b), clause (i), for any city 
  2.21  that is an impacted community by June 30 of the assessment year, 
  2.22  in a form prescribed by the commissioner.  
  2.23     (b) The county assessor shall notify the commissioner of 
  2.24  revenue of the amount determined under subdivision 1, 
  2.25  paragraph (b) (c), clause (i), for any city that is not an 
  2.26  impacted community which qualifies for aid under this section by 
  2.27  June 30 of the assessment year, in a form prescribed by the 
  2.28  commissioner.  
  2.29     (c) The commissioner shall notify each city of its 
  2.30  qualifying aid amount by August 15 of the assessment year.  
  2.31     Sec. 3.  [EFFECTIVE DATE.] 
  2.32     Sections 1 and 2 are effective for aid paid in calendar 
  2.33  year 2001.