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Minnesota Legislature

Office of the Revisor of Statutes

HF 1139

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

KEY: stricken = removed, old language.
underscored = added, new language.

Bill Text Versions

Engrossments
Introduction Posted on 02/17/2005

Current Version - as introduced

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A bill for an act
relating to property taxation; exempting the first
tier of commercial-industrial property from the state
general tax; amending Minnesota Statutes 2004, section
275.025, subdivisions 2, 4.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2004, section 275.025,
subdivision 2, is amended to read:


Subd. 2.

Commercial-industrial tax capacity.

For the
purposes of this section, "commercial-industrial tax capacity"
means the tax capacity of all taxable property classified as
class 3 or class 5(1) under section 273.13, except for new text beginthat
portion of property eligible for the first tier class rate under
section 273.13, subdivision 24,
new text endelectric generation attached
machinery under class 3new text begin,new text endand property described in section
473.625. deleted text beginCounty deleted text endCommercial-industrial tax capacity amounts are
not adjusted for the captured net tax capacity of a tax
increment financing district under section 469.177, subdivision
2, the net tax capacity of transmission lines deducted from a
local government's total net tax capacity under section 273.425,
or fiscal disparities contribution and distribution net tax
capacities under chapter 276A or 473F.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for taxes
payable in 2006 and subsequent years.
new text end

Sec. 2.

Minnesota Statutes 2004, section 275.025,
subdivision 4, is amended to read:


Subd. 4.

Apportionment and levy of state general tax.

new text begin Ninety-four percent of new text endthe state general tax must be deleted text begindistributed
among the counties
deleted text endnew text beginlevied new text endby applying a uniform rate to deleted text begineach
county's
deleted text endnew text beginall new text endcommercial-industrial tax capacitynew text begin,new text endand deleted text beginits deleted text endnew text beginsix
percent of the state general tax must be levied by applying a
uniform rate to all
new text endseasonal residential recreational tax
capacity. deleted text beginWithin each county, the tax must be levied by
applying a uniform rate against commercial-industrial tax
capacity and seasonal residential recreational tax capacity.
deleted text endOn
or before October 1 each year, the commissioner of revenue shall
certify deleted text begina deleted text endnew text beginthe new text endpreliminary state general levy deleted text beginrate deleted text endnew text beginrates on
commercial-industrial property and seasonal residential
recreational property
new text endto each county auditor that must be used
to prepare the notices of proposed property taxes for taxes
payable in the following year. By January 1 of each year, the
commissioner shall certify the final state general levy deleted text beginrate
deleted text endnew text begin rates new text endto each county auditor that shall be used in spreading
taxes.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for taxes
payable in 2006 and subsequent years.
new text end