as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am
Engrossments | ||
---|---|---|
Introduction | Posted on 02/26/2007 |
A bill for an act
relating to taxation; increasing the maximum homeowners' property tax refunds;
amending Minnesota Statutes 2006, section 290A.04, subdivision 2.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Minnesota Statutes 2006, section 290A.04, subdivision 2, is amended to
read:
A claimant whose property taxes payable are in excess
of the percentage of the household income stated below shall pay an amount equal to
the percent of income shown for the appropriate household income level along with the
percent to be paid by the claimant of the remaining amount of property taxes payable.
The state refund equals the amount of property taxes payable that remain, up to the state
refund amount shown below.
Household Income |
Percent of Income |
Percent Paid by Claimant |
Maximum State Refund |
$0 to 1,189 |
1.0 percent |
15 percent |
deleted text begin
$1,450 deleted text end new text begin $1,810 new text end |
|
1,190 to 2,379 |
1.1 percent |
15 percent |
deleted text begin
$1,450 deleted text end new text begin $1,810 new text end |
|
2,380 to 3,589 |
1.2 percent |
15 percent |
deleted text begin
$1,410 deleted text end new text begin $1,760 new text end |
|
3,590 to 4,789 |
1.3 percent |
20 percent |
deleted text begin
$1,410 deleted text end new text begin $1,760 new text end |
|
4,790 to 5,979 |
1.4 percent |
20 percent |
deleted text begin
$1,360 deleted text end new text begin $1,700 new text end |
|
5,980 to 8,369 |
1.5 percent |
20 percent |
deleted text begin
$1,360 deleted text end new text begin $1,700 new text end |
|
8,370 to 9,559 |
1.6 percent |
25 percent |
deleted text begin
$1,310 deleted text end new text begin $1,570 new text end |
|
9,560 to 10,759 |
1.7 percent |
25 percent |
deleted text begin
$1,310 deleted text end new text begin $1,570 new text end |
|
10,760 to 11,949 |
1.8 percent |
25 percent |
deleted text begin
$1,260 deleted text end new text begin $1,520 new text end |
|
11,950 to 13,139 |
1.9 percent |
30 percent |
deleted text begin
$1,260 deleted text end new text begin $1,520 new text end |
|
13,140 to 14,349 |
2.0 percent |
30 percent |
deleted text begin
$1,210 deleted text end new text begin $1,450 new text end |
|
14,350 to 16,739 |
2.1 percent |
30 percent |
deleted text begin
$1,210 deleted text end new text begin $1,450 new text end |
|
16,740 to 17,929 |
2.2 percent |
35 percent |
deleted text begin
$1,160 deleted text end new text begin $1,330 new text end |
|
17,930 to 19,119 |
2.3 percent |
35 percent |
deleted text begin
$1,160 deleted text end new text begin $1,330 new text end |
|
19,120 to 20,319 |
2.4 percent |
35 percent |
deleted text begin
$1,110 deleted text end new text begin $1,280 new text end |
|
20,320 to 25,099 |
2.5 percent |
40 percent |
deleted text begin
$1,110 deleted text end new text begin $1,280 new text end |
|
25,100 to 28,679 |
2.6 percent |
40 percent |
deleted text begin
$1,070 deleted text end new text begin $1,230 new text end |
|
28,680 to 35,849 |
2.7 percent |
40 percent |
deleted text begin
$1,070 deleted text end new text begin $1,230 new text end |
|
35,850 to 41,819 |
2.8 percent |
45 percent |
deleted text begin $ 970 deleted text end new text begin $1,070new text end |
|
41,820 to 47,799 |
3.0 percent |
45 percent |
deleted text begin $ 970 deleted text end new text begin $1,070new text end |
|
47,800 to 53,779 |
3.2 percent |
45 percent |
deleted text begin $ 870 deleted text end new text begin $960new text end |
|
53,780 to 59,749 |
3.5 percent |
50 percent |
deleted text begin $ 780 deleted text end new text begin $860new text end |
|
59,750 to 65,729 |
4.0 percent |
50 percent |
deleted text begin $ 680 deleted text end new text begin $750new text end |
|
65,730 to 69,319 |
4.0 percent |
50 percent |
deleted text begin $ 580 deleted text end new text begin $640new text end |
|
69,320 to 71,719 |
4.0 percent |
50 percent |
deleted text begin $ 480 deleted text end new text begin $530new text end |
|
71,720 to 74,619 |
4.0 percent |
50 percent |
deleted text begin $ 390 deleted text end new text begin $430new text end |
|
74,620 to 77,519 |
4.0 percent |
50 percent |
deleted text begin $ 290 deleted text end new text begin $320new text end |
The payment made to a claimant shall be the amount of the state refund calculated
under this subdivision. No payment is allowed if the claimant's household income is
$77,520 or more.
new text begin
This section is effective beginning with refunds based on
property taxes payable in 2008.
new text end