HF 1772

as introduced - 87th Legislature (2011 - 2012) Posted on 01/24/2012 10:16am

A bill for an act
relating to taxation; levy limits; removing the inclusion of wind generation
production tax; amending Minnesota Statutes 2010, sections 275.70, subdivision
6; 275.71, subdivision 5.

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

Section 1.

Minnesota Statutes 2010, section 275.70, subdivision 6, is amended to read:

Subd. 6.

Levy aid base.

"Levy aid base" for a local governmental unit for a levy
year means its total levy spread on net tax capacity, minus any amounts that would
qualify as a special levy under this section, plus the sum of (1) the total amount of aids
and reimbursements that the local governmental unit is certified to receive under sections
477A.011 to 477A.014 in the same year, new text begin and new text end (2) taconite aids under sections 298.28
and 298.282 in the same year, including any aid which was required to be placed in a
special fund for expenditure in the next succeeding year deleted text begin , and (3) payments to the local
governmental unit under section 272.029 in the same year, adjusted for any error in
estimation in the preceding year deleted text end .

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for taxes levied in calendar year 2012
and thereafter, but only if levy limits under sections 275.70 to 275.74 are in effect for
that calendar year.
new text end

Sec. 2.

Minnesota Statutes 2010, section 275.71, subdivision 5, is amended to read:

Subd. 5.

Property tax levy limit.

(a) deleted text begin For taxes levied in 2008 through 2010, deleted text end The
property tax levy limit for a local governmental unit is equal to its adjusted levy limit base
determined under subdivision 4 plus any additional levy authorized under section 275.73,
which is levied against net tax capacity, reduced by the sum of (i) the total amount of aids
and reimbursements that the local governmental unit is certified to receive under sections
477A.011 to 477A.014, (ii) taconite aids under sections 298.28 and 298.282 including
any aid which was required to be placed in a special fund for expenditure in the next
succeeding year, deleted text begin (iii) estimated payments to the local governmental unit under section
272.029, adjusted for any error in estimation in the preceding year, deleted text end and deleted text begin (iv) deleted text end new text begin (iii) new text end aids
under section 477A.16.

(b) If an aid, payment, or other amount used in paragraph (a) to reduce a local
government unit's levy limit is reduced by an unallotment under section 16A.152, the
amount of the aid, payment, or other amount prior to the unallotment is used in the
computations in paragraph (a). In order for a local government unit to levy outside of its
limit to offset the reduction in revenues attributable to an unallotment, it must do so under,
and to the extent authorized by, a special levy authorization.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for taxes levied in calendar year 2012
and thereafter, but only if levy limits under sections 275.70 to 275.74 are in effect for
that calendar year.
new text end