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SF 2944 Senate Long Description

Relating to taxation; reducing the allocation of motor vehicle sales +tax revenues to the metropolitan area and greater Minnesota transit +funds; modifying the local levy option for the metropolitan area replacement+ transit service program, requiring commissioner of revenue certification of +municipal levy limits to the municipality and requiring deposit of the proceeds+ into a separate replacement transit fund; modifying the metropolitan area +transit tax and requiring a metropolitan council levy for paratransit services or+ ride sharing programs serving persons within the transit area but outside +the transit taxing district, requiring a certain local levy deduction; +eliminating the requirement to use the population determined by the federal +census for city local government aid base determination purposes and removing +taconite aids from the computation of city formula aid; modifying the city aid +distribution formula; increasing the standing appropriation for the payment of +city LGA; delaying the restoration of reductions in market value homestead +credit reimbursements; requiring a certain amount of money available to the +state under the federal jobs and growth tax relief reconciliation act of + to be transferred from the budget reserve account to the general fund to +fund the increased city aid appropriation (ra)