Legislative Session number- 81

Bill Name: SF3030

Relating to taxationARTICLE 1 PROPERTY TAX Reducing the property tax
classification rates on certain commercial and industrial and apartment property
and modifying the tax base differential accordingly for homestead and
agricultural credit aid (HACA) purposes; increasing the education agricultural
credit ARTICLE 2 PERSONAL AND DEPENDENT INCOME TAX SUBTRACTIONProviding an
income tax subtraction for the personal and dependent exemptions ARTICLE 3 SALES
TAX REBATEProviding a sales tax rebate payable in 2000 using information
contained in the Minnesota tax incidence report; specifying taxpayer eligibility
and prescribing the schedules for taxpayers filing jointly or separately;
providing eligibility for certain nonresidents; defining income; providing for
rebates received by estates of deceased individuals after closing of the probate
estate; providing for payment by the commissioner of revenue, requiring certain
adjustments; requiring rebates not made by a certain date to bear interest;
including the rebate under the definition of Minnesota tax law for data
disclosure purposes and in the definition of overpayment for delinquent tax
liability purposes; taxpayer right to the rebate to expire after a certain date;
subjecting the rebate to revenue recapture; granting the commissioner certain
enforcement authority relating to forged or improperly endorsed checks;
authorizing the commissioner to take whatever action necessary to pay rebates;
authorizing payment by electronic funds transfer to certain individuals
appropriating money to the commissioner for the rebates ARTICLE 4 SALES TAX
EXEMPTION FOR POLITICAL SUBDIVISIONS Expanding the sales tax exemption for sales
to local government units(ra)