HF 1331

as introduced - 82nd Legislature (2001 - 2002) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to taxation; providing that certain housing 
  1.3             projects within an Indian reservation are exempt from 
  1.4             property taxes; amending Minnesota Statutes 2000, 
  1.5             section 469.040, subdivision 5. 
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  Minnesota Statutes 2000, section 469.040, 
  1.8   subdivision 5, is amended to read: 
  1.9      Subd. 5.  [DESIGNATED HOUSING CORPORATION.] Property 
  1.10  located within the exterior boundaries of the White Earth an 
  1.11  Indian reservation in the state that is owned by the tribe's 
  1.12  designated housing entity as defined in United States Code, 
  1.13  title 25, section 4103(21), and that is a housing project or a 
  1.14  housing development project, as defined in section 469.002, 
  1.15  subdivisions 13 and 15, is exempt from all real and personal 
  1.16  property taxes of the city, the county, the state, or any 
  1.17  political subdivision thereof, but the property is subject to 
  1.18  subdivision 3.  A copy of those portions of the annual reports 
  1.19  submitted on behalf of the housing entity to the Secretary of 
  1.20  the United States Department of Housing and Urban Development 
  1.21  for the project that contain information sufficient to determine 
  1.22  the amount due under subdivision 3 satisfies the reporting 
  1.23  requirements of subdivision 3 for the project. 
  1.24     [EFFECTIVE DATE.] This section is effective for taxes 
  1.25  levied in 2001, payable in 2002, and thereafter.