1.1                          A bill for an act 
  1.2             relating to education; eliminating certain 
  1.3             agricultural property from the property tax base for 
  1.4             new debt service levies for independent school 
  1.5             district No. 2689, Pipestone-Jasper. 
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  [INDEPENDENT SCHOOL DISTRICT NO. 2689, 
  1.8   PIPESTONE-JASPER; DEBT SERVICE LEVY.] 
  1.9      Any independent school district No. 2689, Pipestone-Jasper, 
  1.10  levy for debt service for capital improvements approved after 
  1.11  February 28, 1999, shall not be levied on property classified as 
  1.12  class 1b agricultural, 2a, or 2b under Minnesota Statutes, 
  1.13  section 273.13, except that the portion of class 1b or 2a 
  1.14  property consisting of the house, garage, and surrounding one 
  1.15  acre of land shall not be exempt under this section.  The 
  1.16  commissioner of children, families, and learning shall exclude 
  1.17  this property from the district's adjusted net tax capacity in 
  1.18  determining the district's debt service equalization revenue 
  1.19  under Minnesota Statutes, section 123B.53. 
  1.20     Sec. 2.  [EFFECTIVE DATE.] 
  1.21     Section 1 is effective for taxes payable in 2000 and 
  1.22  subsequent years.