Minnesota Legislature
HF 2012
as introduced - 93rd Legislature (2023 - 2024) Posted on 03/20/2023 04:42pm
Bill Text Versions
| Engrossments | ||
|---|---|---|
| Introduction | Posted on 02/17/2023 |
Current Version - as introduced
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A bill for an act
relating to taxation; taconite production tax; modifying the distribution of the
taconite production tax; amending Minnesota Statutes 2022, section 298.28,
subdivisions 5, 7a.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
Minnesota Statutes 2022, section 298.28, subdivision 5, is amended to read:
Subd. 5.
Counties.
(a) 21.05 cents per taxable ton deleted text begin for distributions in 2015 through 2023,
and 26.05 cents per taxable ton for distributions beginning in 2024,deleted text end is allocated to counties
to be distributed, based upon certification by the commissioner of revenue, under paragraphs
(b) to (d).
(b) 10.525 cents per taxable ton shall be distributed to the county in which the taconite
is mined or quarried or in which the concentrate is produced, less any amount which is to
be distributed pursuant to paragraph (c). The apportionment formula prescribed in subdivision
2 is the basis for the distribution.
(c) 1.0 cent per taxable ton of the tax distributed to the counties under paragraph (b)
shall be paid to a county that received a distribution under this section in 2000 because there
was located in the county an electric power plant owned by and providing the primary source
of power for a taxpayer mining and concentrating taconite in a different county.
(d) 10.525 cents per taxable ton deleted text begin for distributions in 2015 through 2023, and 15.525 cents
per taxable ton for distributions beginning in 2024,deleted text end shall be paid to the county from which
the taconite was mined, quarried or concentrated to be deposited in the county road and
bridge fund. If the mining, quarrying and concentrating, or separate steps in any of those
processes are carried on in more than one county, the commissioner shall follow the
apportionment formula prescribed in subdivision 2.
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective the day following final enactment.
new text end
Sec. 2.
Minnesota Statutes 2022, section 298.28, subdivision 7a, is amended to read:
Subd. 7a.
Iron Range school consolidation and cooperatively operated school
account.
(a) The following amounts must be allocated to the commissioner of Iron Range
resources and rehabilitation to be deposited in the Iron Range school consolidation and
cooperatively operated school account that is hereby created:
(1)deleted text begin (i)deleted text end for distributionsnew text begin beginningnew text end in 2015 deleted text begin through 2023deleted text end , ten cents per taxable ton of the
tax imposed under section 298.24; deleted text begin and
deleted text end
deleted text begin
(ii) for distributions beginning in 2024, five cents per taxable ton of the tax imposed
under section 298.24;
deleted text end
(2) the amount as determined under section 298.17, paragraph (b), clause (3); and
(3) any other amount as provided by law.
(b) Expenditures from this account may be approved as ongoing annual expenditures
and shall be made only to provide disbursements to assist school districts with the payment
of bonds that were issued for qualified school projects, or for any other school disbursement
as approved by the commissioner of Iron Range resources and rehabilitation after consultation
with the Iron Range Resources and Rehabilitation Board. For purposes of this section,
"qualified school projects" means school projects within the taconite assistance area as
defined in section 273.1341, that were (1) approved, by referendum, after April 3, 2006;
and (2) approved by the commissioner of education pursuant to section 123B.71.
(c) Beginning in fiscal year 2019, the disbursement to school districts for payments for
bonds issued under section 123A.482, subdivision 9, must be increased each year to offset
any reduction in debt service equalization aid that the school district qualifies for in that
year, under section 123B.53, subdivision 6, compared with the amount the school district
qualified for in fiscal year 2018.
(d) No expenditure under this section shall be made unless approved by the commissioner
of Iron Range resources and rehabilitation after consultation with the Iron Range Resources
and Rehabilitation Board.
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective the day following final enactment.
new text end