HF 398

as introduced - 82nd Legislature (2001 - 2002) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to education finance; exempting agricultural 
  1.3             lands from the school district levy for debt service; 
  1.4             amending Minnesota Statutes 2000, sections 123B.53, 
  1.5             subdivision 5; 127A.48, by adding a subdivision; and 
  1.6             275.08, subdivision 1b. 
  1.7   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.8      Section 1.  Minnesota Statutes 2000, section 123B.53, 
  1.9   subdivision 5, is amended to read: 
  1.10     Subd. 5.  [EQUALIZED DEBT SERVICE LEVY.] To obtain debt 
  1.11  service equalization revenue, a district must levy an amount not 
  1.12  to exceed the district's debt service equalization revenue times 
  1.13  the lesser of one or the ratio of: 
  1.14     (1) the quotient derived by dividing the adjusted net tax 
  1.15  capacity of the district for the year before the year the levy 
  1.16  is certified by the adjusted pupil units in the district for the 
  1.17  school year ending in the year prior to the year the levy is 
  1.18  certified; to 
  1.19     (2) $4,000 $8,000. 
  1.20     [EFFECTIVE DATE.] This section is effective for taxes 
  1.21  payable in 2002 and later. 
  1.22     Sec. 2.  Minnesota Statutes 2000, section 127A.48, is 
  1.23  amended by adding a subdivision to read: 
  1.24     Subd. 6a.  [AGRICULTURAL LAND EXEMPTION.] The value of 
  1.25  agricultural property classified as class 1b, 2a, or 2b under 
  1.26  section 273.13, except for the value of the house, garage, and 
  2.1   one acre of land in the case of an agricultural homestead, shall 
  2.2   be excluded from a school district's adjusted net tax capacity 
  2.3   for the purpose of determining its debt service levy under 
  2.4   section 123B.53. 
  2.5      [EFFECTIVE DATE.] This section is effective for taxes 
  2.6   payable in 2002 and later. 
  2.7      Sec. 3.  Minnesota Statutes 2000, section 275.08, 
  2.8   subdivision 1b, is amended to read: 
  2.9      Subd. 1b.  [COMPUTATION OF TAX RATES.] (a) The amounts 
  2.10  certified to be levied against net tax capacity under section 
  2.11  275.07 by an individual local government unit shall be divided 
  2.12  by the total net tax capacity of all taxable properties within 
  2.13  the local government unit's taxing jurisdiction.  The resulting 
  2.14  ratio, the local government's local tax rate, multiplied by each 
  2.15  property's net tax capacity shall be each property's net tax 
  2.16  capacity tax for that local government unit before reduction by 
  2.17  any credits.  
  2.18     (b) The portion of the school district tax rate for the 
  2.19  debt service levy under section 123B.53 shall not be levied on 
  2.20  agricultural property classified as class 1b, 2a, or 2b under 
  2.21  section 273.13, except that the tax shall be levied on the 
  2.22  house, garage, and one acre of land of an agricultural 
  2.23  homestead.  The county auditor shall deduct the net tax capacity 
  2.24  of property qualifying for this exemption before determining a 
  2.25  school district's debt service levy tax rate. 
  2.26     (c) Any amount certified to the county auditor to be levied 
  2.27  against market value shall be divided by the total referendum 
  2.28  market value of all taxable properties within the taxing 
  2.29  district.  The resulting ratio, the taxing district's new 
  2.30  referendum tax rate, multiplied by each property's referendum 
  2.31  market value shall be each property's new referendum tax before 
  2.32  reduction by any credits.  For the purposes of this subdivision, 
  2.33  "referendum market value" means the market value as defined in 
  2.34  section 126C.01, subdivision 3. 
  2.35     [EFFECTIVE DATE.] This section is effective for taxes 
  2.36  payable in 2002 and later.