HF 1899

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

A bill for an act
relating to property taxation; fixing the shares of
the state general levy paid by noncommercial seasonal
recreational property and commercial-industrial
property; amending Minnesota Statutes 2004, section
275.025, subdivisions 2, 3, 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 new text begin , commercial class 4c(1), new text end or class 5(1) under section
273.13, except for electric generation attached machinery under
class 3 and property described in section 473.625. County
commercial-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 thereafter.
new text end

Sec. 2.

Minnesota Statutes 2004, section 275.025,
subdivision 3, is amended to read:

Subd. 3.

new text begin noncommercial new text end seasonal residential recreational
tax capacity.

For the purposes of this section, " new text begin noncommercial
new text end seasonal residential recreational tax capacity" means the tax
capacity of all new text begin noncommercial new text end class 4c(1) property under section
273.13, subdivision 25, except that the first $76,000 of market
value of each noncommercial class 4c(1) property has a tax
capacity for this purpose equal to 40 percent of its tax
capacity under section 273.13.

new text begin EFFECTIVE DATE. new text end

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

Sec. 3.

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

Subd. 4.

Apportionment and levy of state general tax.

new text begin 95.4 percent of new text end the state general tax must be deleted text begin distributed among
the counties deleted text end new text begin levied new text end by applying a uniform rate to deleted text begin each county's
deleted text end new text begin all new text end commercial-industrial tax capacity and deleted text begin its deleted text end new text begin 4.6 percent of
the state general tax must be levied by applying a uniform rate
to all noncommercial new text end seasonal residential recreational tax
capacity. deleted text begin Within 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 end On
or before October 1 each year, the commissioner of revenue shall
certify deleted text begin a deleted text end new text begin the new text end preliminary state general levy deleted text begin rate deleted text end new text begin rates new text end to 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 rate to 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 thereafter.
new text end