Minnesota Legislature
HF 2485
as introduced - 91st Legislature (2019 - 2020) Posted on 03/14/2019 02:11pm
KEY: stricken = removed, old language.
underscored = added, new language.
Bill Text Versions
| Engrossments | ||
|---|---|---|
| Introduction | Posted on 03/14/2019 |
Current Version - as introduced
Line numbers
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A bill for an act
relating to taxation; property tax refunds; increasing the maximum refund for the
homestead credit refund; amending Minnesota Statutes 2018, section 290A.04,
subdivision 2.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
Minnesota Statutes 2018, section 290A.04, subdivision 2, is amended to read:
Subd. 2.
Homeowners; homestead credit refund.
A claimant whose property taxes
payable are in excess of the percentage of the household income stated below shall pay an
amount equal to the percent of income shown for the appropriate household income level
along with the percent to be paid by the claimant of the remaining amount of property taxes
payable. The state refund equals the amount of property taxes payable that remain, up to
the state refund amount shown below.
| Household Income |
Percent of Income |
Percent Paid by Claimant |
Maximum State Refund |
|
| $0 to deleted text begin 1,619deleted text end new text begin 1,779 new text end |
1.0 percent |
15 percent |
$ |
deleted text begin
2,580
deleted text end
new text begin
3,340 new text end |
| deleted text begin 1,620deleted text end new text begin 1,780new text end to deleted text begin 3,229deleted text end new text begin 3,549 new text end |
1.1 percent |
15 percent |
$ |
deleted text begin
2,580
deleted text end
new text begin
3,340 new text end |
| deleted text begin 3,230deleted text end new text begin 3,550new text end to deleted text begin 4,889deleted text end new text begin 5,379 new text end |
1.2 percent |
15 percent |
$ |
deleted text begin
2,580
deleted text end
new text begin
3,340 new text end |
| deleted text begin 4,890deleted text end new text begin 5,380new text end to deleted text begin 6,519deleted text end new text begin 7,169 new text end |
1.3 percent |
20 percent |
$ |
deleted text begin
2,580
deleted text end
new text begin
3,340 new text end |
| deleted text begin 6,520deleted text end new text begin 7,170new text end to deleted text begin 8,129deleted text end new text begin 8,939 new text end |
1.4 percent |
20 percent |
$ |
deleted text begin
2,580
deleted text end
new text begin
3,340 new text end |
| deleted text begin 8,130deleted text end new text begin 8,940new text end to deleted text begin 11,389deleted text end new text begin 12,529 new text end |
1.5 percent |
20 percent |
$ |
deleted text begin
2,580
deleted text end
new text begin
3,340 new text end |
| deleted text begin 11,390deleted text end new text begin 12,530new text end to deleted text begin 13,009deleted text end new text begin 14,309 new text end |
1.6 percent |
20 percent |
$ |
deleted text begin
2,580
deleted text end
new text begin
3,340 new text end |
| deleted text begin 13,010deleted text end new text begin 14,310new text end to deleted text begin 14,649deleted text end new text begin 16,119 new text end |
1.7 percent |
20 percent |
$ |
deleted text begin
2,580
deleted text end
new text begin
3,340 new text end |
| deleted text begin 14,650deleted text end new text begin 16,120new text end to deleted text begin 16,269deleted text end new text begin 17,899 new text end |
1.8 percent |
20 percent |
$ |
deleted text begin
2,580
deleted text end
new text begin
3,340 new text end |
| deleted text begin 16,270deleted text end new text begin 17,900new text end to deleted text begin 17,879deleted text end new text begin 19,669 new text end |
1.9 percent |
25 percent |
$ |
deleted text begin
2,580
deleted text end
new text begin
3,340 new text end |
| deleted text begin 17,880deleted text end new text begin 19,670new text end to deleted text begin 22,779deleted text end new text begin 25,059 new text end |
2.0 percent |
25 percent |
$ |
deleted text begin
2,580
deleted text end
new text begin
3,340 new text end |
| deleted text begin 22,780deleted text end new text begin 25,060new text end to deleted text begin 24,399deleted text end new text begin 26,839 new text end |
2.0 percent |
30 percent |
$ |
deleted text begin
2,580
deleted text end
new text begin
3,340 new text end |
| deleted text begin 24,400deleted text end new text begin 26,840new text end to deleted text begin 27,659deleted text end new text begin 30,429 new text end |
2.0 percent |
30 percent |
$ |
deleted text begin
2,580
deleted text end
new text begin
3,340 new text end |
| deleted text begin 27,660deleted text end new text begin 30,430new text end to deleted text begin 39,029deleted text end new text begin 42,939 new text end |
2.0 percent |
35 percent |
$ |
deleted text begin
2,580
deleted text end
new text begin
3,340 new text end |
| deleted text begin 39,030deleted text end new text begin 42,940new text end to deleted text begin 56,919deleted text end new text begin 62,619 new text end |
2.0 percent |
35 percent |
$ |
deleted text begin
2,090
deleted text end
new text begin
2,800 new text end |
| deleted text begin 56,920deleted text end new text begin 62,620new text end to deleted text begin 65,049deleted text end new text begin 71,569 new text end |
2.0 percent |
40 percent |
$ |
deleted text begin
1,830
deleted text end
new text begin
2,510 new text end |
| deleted text begin 65,050deleted text end new text begin 71,570new text end to deleted text begin 73,189deleted text end new text begin 80,519 new text end |
2.1 percent |
40 percent |
$ |
deleted text begin
1,510
deleted text end
new text begin
2,160 new text end |
| deleted text begin 73,190deleted text end new text begin 80,520new text end to deleted text begin 81,319deleted text end new text begin 89,469 new text end |
2.2 percent |
40 percent |
$ |
deleted text begin
1,350
deleted text end
new text begin
1,990 new text end |
| deleted text begin 81,320deleted text end new text begin 89,470new text end to deleted text begin 89,449deleted text end new text begin 98,409 new text end |
2.3 percent |
40 percent |
$ |
deleted text begin
1,180
deleted text end
new text begin
1,800 new text end |
| deleted text begin 89,450deleted text end new text begin 98,410new text end to deleted text begin 94,339deleted text end new text begin 103,789 new text end |
2.4 percent |
45 percent |
$ |
deleted text begin
1,000
deleted text end
new text begin
1,600 new text end |
| deleted text begin 94,340deleted text end new text begin 103,790new text end to deleted text begin 97,609deleted text end new text begin 107,389 new text end |
2.5 percent |
45 percent |
$ |
deleted text begin
830
deleted text end
new text begin
1,410 new text end |
| deleted text begin 97,610deleted text end new text begin 107,390new text end to deleted text begin 101,559deleted text end new text begin 111,739 new text end |
2.5 percent |
50 percent |
$ |
deleted text begin
680
deleted text end
new text begin
1,250 new text end |
| deleted text begin 101,560deleted text end new text begin 111,740new text end to deleted text begin 105,499deleted text end new text begin 116,069 new text end |
2.5 percent |
50 percent |
$ |
deleted text begin
500
deleted text end
new text begin
1,050 new text end |
|
new text begin
116,070 to 121,069 new text end |
new text begin
2.7 percent new text end |
new text begin
50 percent new text end |
new text begin
$ new text end |
new text begin
850 new text end |
|
new text begin
121,070 to 126,069 new text end |
new text begin
2.9 percent new text end |
new text begin
50 percent new text end |
new text begin
$ new text end |
new text begin
650 new text end |
|
new text begin
126,070 to 131,069 new text end |
new text begin
3.0 percent new text end |
new text begin
50 percent new text end |
new text begin
$ new text end |
new text begin
500 new text end |
|
new text begin
131,070 to 136,069 new text end |
new text begin
3.0 percent new text end |
new text begin
50 percent new text end |
new text begin
$ new text end |
new text begin
500 new text end |
|
new text begin
136,070 and greater new text end |
new text begin
3.0 percent new text end |
new text begin
50 percent new text end |
new text begin
$ new text end |
new text begin
500 new text end |
The payment made to a claimant shall be the amount of the state refund calculated under
this subdivision. deleted text begin No payment is allowed if the claimant's household income is $105,500 or
more.
deleted text end
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective for refunds based on property taxes
payable after December 31, 2019.
new text end