Relating to taxationARTICLE 1 - INCOME TAXES Reducing individual income tax rates and adjusting the brackets, requiring certain inflation adjustments; reducing the alternative minimum tax (AMT) rate and increasing the exemption amounts ARTICLE 2 - PROPERTY TAX REFORMModifying the general education tax rate and levy formula, requiring general education levy amounts in excess of the tax rate to be separately specified and levied against referendum market value; basing the referendum equalization levy on the adjusted referendum market value per resident pupil unit; providing for school district categorical program, net tax capacity levy and market value levies; requiring separate certification of debt levies and levying against market value; requiring the department of revenue based on results of the assessment sales ratio study to determine the equalized referendum market value for each school district for designation as the adjusted referendum market value; reducing the property tax classification rates for certain residential and agricultural homestead, commercial industrial, apartment, residential nonhomestead, commercial and noncommercial seasonal residential recreational and personal property, eliminating the separate classification of certain property converted from nonresidential to residential use and increasing the education homestead credit; providing a credit for debt service and referendum levies on agricultural property, appropriating money to the commissioner of children, families and learning to make the credit aid payments to school districts; providing for a market value tax, requiring the levying of certain excess taxes against market value, separate identification requirement; appropriating money to the commissioner of children, families and learning to fund a reduction in the statewide general education property tax levy; repealing the transition class rate for low income housing and the education homestead credit percentage reduction requirement ARTICLE 3 - SALES AND EXCISE TAXESEliminating the accelerated June payment liability of retailers for sales, liquor and tobacco taxes; modifying the administration of the sales tax exemption for capital equipment; exempting personal property used in the production of television commercials from the sales tax ARTICLE 4 - PASSENGER AUTOMOBILE REGISTRATION TAXImposing a flat motor vehicle registration tax on passenger automobiles after initial registration; transferring certain specified amounts from the general fund to the highway user tax distribution fund ARTICLE 5 - CORPORATE FRANCHISE TAXProviding a corporate franchise tax election to treat all income as business income, providing for the treatment of pre-1999 returnsARTICLE 6 - AUTOMATIC REBATE IN ENACTED BUDGETProviding for automatic rebate of certain excess positive unrestricted budgetary general fund balances to taxpayers at the end of the biennium; specifying certain rebate requirements and certain duties of the commissioner of finance; requiring deposit of the amount of positive unrestricted budgetary general fund balance below the amount designated as eligible for refund in the tax relief account; appropriating money to the commissioner of revenue to make the payments ARTICLE 7 - REPEAL OF MINNESOTACARE TAXESEliminating the insurance gross premium tax on health maintenance organizations (HMO), community integrated service networks (CISN) and nonprofit health service plan corporations and exempting certain additional health plans from the tax; eliminating the MinnesotaCare gross earnings tax on hospitals and health care providers, providing for actual and projected appropriations for the program; repealing the health care access fund, requiring transfer of funds by the commissioner of finance to the general fund and specifying certain term substitution instructions to the revisor of statutes (ra)