HF 1328

as introduced - 83rd Legislature (2003 - 2004) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to property taxation; providing a valuation 
  1.3             exclusion for new or refurbished individual sewage 
  1.4             treatment systems; amending Minnesota Statutes 2002, 
  1.5             section 273.11, by adding a subdivision. 
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  Minnesota Statutes 2002, section 273.11, is 
  1.8   amended by adding a subdivision to read: 
  1.9      Subd. 21.  [VALUATION EXCLUSION FOR SEWAGE TREATMENT SYSTEM 
  1.10  IMPROVEMENTS.] Owners of property classified as class 1a, 1b, 
  1.11  1c, 2a, 4b, 4bb, or noncommercial 4c under section 273.13 may 
  1.12  apply for a valuation exclusion under this subdivision, provided 
  1.13  that the following conditions are met: 
  1.14     (1) a notice of noncompliance has been issued by a licensed 
  1.15  compliance inspector with regard to the individual sewage 
  1.16  treatment system serving the property under section 115.55, 
  1.17  subdivision 5b; 
  1.18     (2) the owner of the property furnishes documentation to 
  1.19  the satisfaction of the assessor that the property's individual 
  1.20  sewage treatment system has been replaced or refurbished between 
  1.21  January 1, 2003, and December 31, 2007; and 
  1.22     (3) a certificate of compliance has been issued for the new 
  1.23  or refurbished system under section 115.55, subdivision 5. 
  1.24     Application shall be made to the assessor on a form 
  1.25  prescribed by the assessor.  Property meeting the requirements 
  2.1   above shall be eligible for a valuation exclusion equal to 50 
  2.2   percent of the actual costs incurred, to a maximum exclusion of 
  2.3   $7,500, for a period of five years.  The valuation exclusion 
  2.4   shall terminate upon the sale of the property.  If a property 
  2.5   owner applies for exclusion under this subdivision between 
  2.6   January 1 and June 30 of any year, the exclusion shall first 
  2.7   apply for taxes payable in the following year.  If a property 
  2.8   owner applies for exclusion under this subdivision between July 
  2.9   1 and December 31 of any year, the exclusion shall first apply 
  2.10  for taxes payable in the second following year. 
  2.11     [EFFECTIVE DATE.] This section is effective for taxes 
  2.12  payable in 2004 and subsequent years.