SF 26

Introduction - 80th Legislature, 1997 3rd Special Session

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

  1.1                          A bill for an act 
  1.2             relating to taxation; providing for designation of 
  1.3             property tax rebate payments for use to provide 
  1.4             funding for a baseball park. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  [BASEBALL PARK CHECKOFF.] 
  1.7      Every individual who files a claim form for the property 
  1.8   tax rebate allowed under Laws 1997, chapter 231, article 1, 
  1.9   section 16, may designate on the original claim form that $1 or 
  1.10  more shall be deducted from the rebate that would otherwise be 
  1.11  payable to that individual and paid into an account to be 
  1.12  established for the construction of a major league professional 
  1.13  baseball park.  The commissioner of revenue shall notify filers 
  1.14  of their right to designate that a portion of their rebate shall 
  1.15  be paid into the baseball stadium construction account.  The sum 
  1.16  of the amounts so designated to be paid shall be credited to the 
  1.17  baseball park account described in section 2 for use as 
  1.18  described in section 2.  All interest earned on money accrued in 
  1.19  the account shall be credited to the account by the state 
  1.20  treasurer. 
  1.21     Sec. 2.  [BASEBALL PARK ACCOUNT.] 
  1.22     The baseball park account is established in the special 
  1.23  revenue fund in the state treasury.  All money credited to the 
  1.24  baseball park account is appropriated to the commissioner of 
  1.25  finance for payment to the metropolitan sports facilities 
  2.1   commission.  The commission shall use all receipts from the 
  2.2   baseball park account to acquire, construct, improve, 
  2.3   administer, operate, and maintain the baseball park and to pay 
  2.4   debt service on bonds or other obligations sold for purposes of 
  2.5   the baseball park. 
  2.6      Sec. 3.  [EFFECTIVE DATE.] 
  2.7      Sections 1 and 2 are effective the day following final 
  2.8   enactment.