HF 4301

as introduced - 93rd Legislature (2023 - 2024) Posted on 02/26/2024 02:21pm

A bill for an act
relating to taxation; property; authorizing property tax exemption for certain
property owned by Red Lake Nation; appropriating money.

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

Section 1. new text begin PROPERTY TAX EXEMPTION; RED LAKE NATION COLLEGE.
new text end

new text begin (a) Notwithstanding Minnesota Statutes, section 272.02, subdivision 38, paragraph (b),
and any other law to the contrary, property located in the city of Minneapolis acquired by
Red Lake Nation in September 2021 is exempt from property taxes payable in 2022 and
the portion of property taxes payable in 2021 due after the property was acquired. The city
assessor must provide the property owner with an application for exemption under this
section and the property owner must file the application with the city assessor by August
1, 2024. An amount necessary to make a payment to the county for the property taxes
attributable to the exemption is appropriated from the general fund to the commissioner of
revenue in fiscal year 2024.
new text end

new text begin (b) By August 1, 2024, the auditor of the county in which the property is located must
certify to the commissioner of revenue the amount to be paid by the commissioner of revenue
to the county under paragraph (a). The commissioner of revenue must make this payment
by August 15, 2024. The county auditor must distribute the payment to the property owner
by August 31, 2024.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end