Relating to taxation

ARTICLE 1 - PROPERTY TAXES

Modifying expenditure type reporting requirements for the monetary benefit in the performance standard measures program for certain counties or cities for 2012 only; authorizing the revival of the bovine tuberculosis property tax credit for properties meeting certain criteria; modifying the state general levy base amount for commercial-industrial and seasonal recreation property for 2013 and after; requiring counties and certain cities to report additional budgetary information, providing for expenditure type reporting, requiring a municipality to publicize the availability of information for certain property tax and budget notices, allowing alternative publication of budgetary information under certain conditions and a penalty provision; modifying certain information included on property tax statements and notices; increasing the allowed property tax additional refund under certain conditions; modifying the local government aid (LGA) city aid base calculation for calendar years 2012 and 2013 only; extending the current city aid distribution; specifying aid payments in 2013; requiring county and city financial reporting conformity in order to receive distributions; exempting certain cities not meeting filing requirements from 2011 city aid penalties imposition; modifying the tax levy authority of the Cook-Orr hospital district; authorizing Carlton county to levy a tax for Sawyer cemetery purposes; making permanent the allowance for agricultural homestead classification for homeowners living off farms due to flooding for property located in Marshall county; clarifying holding of property by political subdivisions for economic development; providing a supplemental targeting refund for 2012 payable taxes only and appropriating money

ARTICLE 2 - INDIVIDUAL INCOME AND CORPORATE FRANCHISE TAXES

Modifying small business investment tax credit; repealing the requirement for a two percent withholding tax for contractors for payments of persons who are not employees; increasing the tax credit for increased research activities; modifying the historic structure rehabilitation income and corporate franchise tax credit, applying certain federal internal revenue code definitions, allowing contested case challenges and grant recipients to assign grants to others, extending the sunset on the historic structure rehabilitation tax credit; providing a veterans jobs tax credit to qualified employers and appropriating money; conforming certain rollover provisions in individual retirement accounts

ARTICLE 3 - SALES AND USE TAXES

Eliminating certain accelerated payments of monthly sales tax liability; exempting certain medical laboratory services payments from gross revenues taxation; modifying the general sales and use tax retail sale definition to include certain rent-to-own or lease-to-own used vehicles, clarifying use of motor vehicle lease sales tax revenue; providing an upfront general sales and use tax exemption for capital equipment materials purchased for business use; clarifying qualification for the qualified data centers tax exemption; modifying certain sales tax exemption provisions relating to the sales of certain items between established religious orders and affiliated institutions of higher education; exempting certain nursing homes and boarding care homes sales from the sales and use tax, specifying sales tax applicability; modifying the list of cities that share revenue from the Rochester local sales tax; increasing the lodging tax authority and repealing the authority for a food and beverage tax in the city of Rochester; modifying the St. Cloud area cities local sales and use tax by extending it to regional facilities and delaying the date of tax termination upon referendum approval; modifying the use of local sales tax revenues for the city of Clearwater

ARTICLE 4 - LOCAL DEVELOPMENT

Modifying the definition of authority, modifying the definition of redevelopment district for tax increment financing (TIF) eligibility purposes and allowing authorities in mining reclamation project areas to establish redevelopment districts, renewal and renovation districts, and soils condition or soil deficiency districts; extending the deadline for spending tax increment financing (TIF) increments to stimulate construction; extending the Oakdale TIF time limit; designating parcels deemed occupied; authorizing Bloomington to extend TIF district duration limits; authorizing the Dakota county development authority to establish a redevelopment TIF district comprised of certain properties; allowing special rules for a Brooklyn Park TIF district

ARTICLE 5 - ESTATE TAXES

Clarifying the definition of family member and qualified heir; modifying certain recapture tax returns and payment due date requirements; clarifying exclusions for small business property estate tax and qualified farm property; modifying certain recapture tax requirements; making policy, technical, administrative, and other changes to certain tax provisions

ARTICLE 6 - PUBLIC FINANCE

Modifying certain provisions relating to the issuance of county capital improvement bonding requirements; expanding the definition of capital improvement; modifying county bonds application of election requirement and limitations on amount; modifying the definitions of public facility bonds; modifying the reverse referendum authority for city capital improvement bonds, limitations on amount, and street construction bond provisions; extending and increasing the annual maximum debt the city of St. Paul may issue; authorizing Itasca county to issue general obligation bonds for the county nursing home; authorizing Woodbury to issue bonds to finance the Bielenberg sports center under certain conditions and without a referendum

ARTICLE 7 - HOMESTEAD MARKET VALUE CLEANUP

Clarifying limits on taxation, spending, and incurring debt based on market values; defining certain terms; making technical and clarifying changes; repealing certain obsolete provisions; requiring the adjusted net tax capacity to be reduced by the captured tax capacity under certain conditions; defining estimated and taxable market values and making conforming changes; clarifying the homestead market exclusion homestead treatment; modifying tax statements contents; specifying requirements for net tax capacity increases upon homestead market value exclusion; making conforming changes

ARTICLE 8 - MISCELLANEOUS TAXES

Establishing the Greater Minnesota internship program and appropriating money; requiring the office of higher education (OHE) to administer the program through eligible postsecondary institutions to provide credit for internships and tax credits for eligible employers hiring interns for employment in greater Minnesota; exempting liquor retailers from filing exemption certificate copies in the annual information report to the commissioner of revenue; changing the definition of qualified brewer producing fermented malt beverages to qualify for the tax credit; authorizing the city of Vergas in Otter Tail county to impose an aggregate tax under certain circumstances; authorizing the commissioner of revenue to allocate a certain amount of money for tax reductions to border city enterprise zones in cities on the state western border; providing a purpose statement for tax expenditures; appropriating money to the commissioner of employment and economic development (DEED) for the Minnesota investment fund; transferring a certain balance in the revenue department service and recovery special fund revenue fund to the general fund in fiscal year 2012; providing an offset for the Medicaid and Medicare services centers payment for the federal share of the UCare donation
(rt)