HF 1914

as introduced - 88th Legislature (2013 - 2014) Posted on 02/25/2014 01:47pm

A bill for an act
relating to taxation; property; authorizing property tax credit programs;
proposing coding for new law in Minnesota Statutes, chapter 276.

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

Section 1.

new text begin [276.25] RETIRED HOMEOWNER PROPERTY TAX CREDIT
PROGRAM.
new text end

new text begin Subdivision 1. new text end

new text begin Authority. new text end

new text begin Any county, city, or school district may establish a
program allowing certain persons who are the owners of homestead property within the
jurisdiction to provide public service in return for a reduction in the jurisdiction's share of
the property tax on the homestead.
new text end

new text begin Subd. 2. new text end

new text begin Program requirements. new text end

new text begin A jurisdiction which establishes a program
under this section must:
new text end

new text begin (1) limit eligibility to persons who:
new text end

new text begin (i) own and occupy a property classified as homestead, or are the spouse of the owner
of the homestead, and have occupied the property as a homestead for at least five years prior
to the beginning of the taxes payable year for which property tax credits will be earned;
new text end

new text begin (ii) are at least 62 years old as of the start of the year the property taxes are payable;
and
new text end

new text begin (iii) are receiving pension or Social Security payments as of the start of the year
the property taxes are payable;
new text end

new text begin (2) require that there be no delinquent taxes on a participant's homestead; and
new text end

new text begin (3) provide that no preference for acceptance into the program be given to a person
who has participated in a prior year.
new text end

new text begin Subd. 3. new text end

new text begin Property tax credits. new text end

new text begin (a) Property tax credits must be awarded to program
participants at a rate equal to the applicable minimum wage.
new text end

new text begin (b) Each participant is limited each year to the credit necessary to offset the
jurisdiction's share of the net property tax on the portion of the homestead defined under
section 290B.03, subdivision 2.
new text end

new text begin (c) Prior to May 15 of each year, each participating jurisdiction must notify its county
treasurer of the amount of credit earned by each participant for the period from January 1
to April 30 of the year, and that credit must be applied to the participant's first-half property
tax payment. Prior to October 15 of each year, each participating jurisdiction must notify
its county treasurer of the amount of credit earned by each participant for the period from
May 1 to September 30 of the year, and that credit must be applied to the participant's
second-half property tax payment. Any credit for the period from October 1 through
December 31 must be applied to the first-half payment for taxes due in the following year.
new text end

new text begin Subd. 4. new text end

new text begin Nature of program participation. new text end

new text begin Nothing in this section shall be
construed as establishing an employer-employee relationship between the taxing
jurisdiction and program participants.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective beginning with taxes payable in 2015.
new text end