HF 3747

as introduced - 86th Legislature (2009 - 2010) Posted on 03/26/2010 04:51pm

A bill for an act
relating to property taxation; allowing the Thief River Falls airport authority to
levy against referendum market value rather than net tax capacity.

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

Section 1. new text begin THIEF RIVER FALLS AIRPORT AUTHORITY; SPECIAL LEVY
AUTHORITY.
new text end

new text begin If an airport authority is established under Minnesota Statutes, section 360.042, that
includes the city of Thief River Falls within its boundaries, the authority may exercise
its levy authority through a levy on the referendum market value of the area, as defined
in Minnesota Statutes, section 126C.01, subdivision 3, in lieu of a levy on the net tax
capacity of the area. If an authority exercises its option under this section, the intent to do
so must be stated in the joint agreement establishing the authority.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment,
without local approval, as provided by Minnesota Statutes, section 654.023, subdivision 1,
paragraph (a).
new text end