HF 3225

Introduction - 79th Legislature (1995 - 1996)

Posted on 12/15/2009 12:00 a.m.

  1.1                          A bill for an act 
  1.2             relating to taxation; property; authorizing cities, 
  1.3             towns, and counties to offer a prepayment discount; 
  1.4             proposing coding for new law in Minnesota Statutes, 
  1.5             chapter 279. 
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  [279.015] [PREPAYMENT DISCOUNT; CITY, TOWN, AND 
  1.8   COUNTY OPTION.] 
  1.9      Subdivision 1.  [TAXING DISTRICT OPTION.] A taxing district 
  1.10  may adopt by resolution a program providing a property tax 
  1.11  discount of up to five percent of the second half payment of 
  1.12  current property taxes payable to that taxing district, if the 
  1.13  taxpayer pays the entire current year's tax liability by May 15 
  1.14  or 21 days after the postmark date on the envelope, whichever is 
  1.15  later.  The discount program applies only to property taxes 
  1.16  payable in two installments under section 279.01.  
  1.17     Subd. 2.  [COUNTY TREASURER.] A taxing jurisdiction that 
  1.18  exercises the option under subdivision 1 shall notify the county 
  1.19  treasurer of the program and of the amount of the discount by 
  1.20  December 1 for taxes payable the following year. 
  1.21     Subd. 3.  [DURATION OF PROGRAM.] A discount program adopted 
  1.22  under subdivision 1 remains in effect until rescinded by the 
  1.23  taxing district by resolution.  The taxing district must notify 
  1.24  the county treasurer of the recession by December 1 for taxes 
  1.25  payable the following year.  
  2.1      Subd. 4.  [DISTRIBUTION.] The sum of the discounts allowed 
  2.2   under subdivision 1 shall be deducted from the taxing district's 
  2.3   settlement and distribution under sections 276.09 to 276.11. 
  2.4      Subd. 5.  [DEFINITION.] For purposes of this section, 
  2.5   "taxing district" means a home rule charter or statutory city, 
  2.6   town, or county.